Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Huntington National Bank

Huntington National Bank reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,062 shares of the technology company’s stock after selling 78 shares during the quarter. Huntington National Bank’s holdings in Check Point Software Technologies were worth $1,169,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies in the 3rd quarter valued at approximately $33,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the third quarter worth $37,000. Arrow Financial Corp boosted its position in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at $60,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the subject of several research reports. Barclays cut their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Wedbush increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Truist Financial lifted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Stock Down 1.9 %

NASDAQ:CHKP opened at $174.25 on Friday. The company has a market cap of $19.16 billion, a P/E ratio of 23.80, a P/E/G ratio of 3.02 and a beta of 0.63. The firm’s 50 day moving average is $191.81 and its two-hundred day moving average is $175.88. Check Point Software Technologies Ltd. has a fifty-two week low of $139.55 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period last year, the company posted $1.80 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Check Point Software Technologies Company 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.