Blue Trust Inc. Has $146,000 Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Blue Trust Inc. decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 70.1% during the 1st quarter, HoldingsChannel reports. The fund owned 641 shares of the technology company’s stock after selling 1,506 shares during the period. Blue Trust Inc.’s holdings in Check Point Software Technologies were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Gitterman Wealth Management LLC grew its stake in shares of Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after acquiring an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after acquiring an additional 52 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock worth $77,000 after acquiring an additional 55 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its stake in shares of Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. grew its stake in shares of Check Point Software Technologies by 5.8% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 1,100 shares of the technology company’s stock worth $205,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Piper Sandler raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Compass Point set a $260.00 price objective on Check Point Software Technologies in a report on Thursday, March 27th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Bank of America raised Check Point Software Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $232.44.

Check Point Software Technologies Stock Down 1.7%

Shares of CHKP stock opened at $219.56 on Wednesday. The stock has a 50-day moving average price of $220.17 and a 200 day moving average price of $212.08. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 3.19 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12 month low of $153.88 and a 12 month high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.04 EPS. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.