Cambridge Trust Co. Sells 179 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cambridge Trust Co. lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,327 shares of the technology company’s stock after selling 179 shares during the quarter. Cambridge Trust Co.’s holdings in Check Point Software Technologies were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHKP. HF Advisory Group LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at $753,000. Daiwa Securities Group Inc. increased its position in Check Point Software Technologies by 1.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,438 shares of the technology company’s stock valued at $1,289,000 after buying an additional 148 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in Check Point Software Technologies by 34.0% during the 4th quarter. TRUE Private Wealth Advisors now owns 2,987 shares of the technology company’s stock worth $456,000 after buying an additional 758 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Check Point Software Technologies by 12.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,013 shares of the technology company’s stock worth $9,322,000 after buying an additional 6,958 shares during the period. Finally, DGS Capital Management LLC boosted its holdings in Check Point Software Technologies by 4.4% in the fourth quarter. DGS Capital Management LLC now owns 11,411 shares of the technology company’s stock worth $1,743,000 after acquiring an additional 476 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent research reports. Citigroup boosted their price objective on Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Wells Fargo & Company upped their price objective on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a report on Wednesday, February 7th. Truist Financial boosted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Susquehanna raised their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $160.16.

Check Point Software Technologies Stock Down 0.3 %

CHKP opened at $157.95 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.57 and a beta of 0.61. The firm has a 50-day moving average price of $162.10 and a 200-day moving average price of $152.11.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The firm had revenue of $663.50 million during the quarter, compared to analyst estimates of $662.09 million. During the same period last year, the company earned $2.23 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.