Atria Wealth Solutions Inc. Sells 346 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Atria Wealth Solutions Inc. lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,815 shares of the technology company’s stock after selling 346 shares during the period. Atria Wealth Solutions Inc.’s holdings in Check Point Software Technologies were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Check Point Software Technologies by 2,704.5% during the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after buying an additional 1,258,034 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Check Point Software Technologies by 5,396.1% during the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after buying an additional 646,504 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Check Point Software Technologies by 214.6% in the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after acquiring an additional 589,816 shares during the period. Causeway Capital Management LLC increased its stake in Check Point Software Technologies by 33.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company’s stock valued at $360,257,000 after acquiring an additional 487,823 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Check Point Software Technologies by 182.0% in the first quarter. Bank of New York Mellon Corp now owns 627,489 shares of the technology company’s stock valued at $143,017,000 after acquiring an additional 404,958 shares during the period. Institutional investors own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Mizuho upped their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the company a “neutral” rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Finally, Wedbush reissued an “outperform” rating and issued a $240.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.08.

Check Point Software Technologies Trading Down 1.4%

Shares of CHKP stock opened at $180.73 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The firm’s 50 day moving average is $215.68 and its 200-day moving average is $218.12. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 2.76 and a beta of 0.59.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same period in the prior year, the business posted $2.17 earnings per share. Check Point Software Technologies’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 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.