Fort Washington Investment Advisors Inc. OH Sells 60 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Fort Washington Investment Advisors Inc. OH reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,120 shares of the technology company’s stock after selling 60 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Check Point Software Technologies were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHKP. Bank of Montreal Can raised its stake in Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $1,599,000. MML Investors Services LLC grew its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares in the last quarter. Martin Investment Management LLC increased its stake in Check Point Software Technologies by 2.0% during the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after acquiring an additional 3,225 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its holdings in Check Point Software Technologies by 69.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after acquiring an additional 9,580 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 1.0 %

CHKP stock opened at $194.48 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $210.70. The stock has a 50-day moving average price of $185.20 and a 200-day moving average price of $186.28. The firm has a market cap of $21.39 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63.

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

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent analyst reports. Citigroup raised their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Robert W. Baird dropped their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Mizuho boosted their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their target price for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Eighteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $203.05.

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.