Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,174 shares of the technology company’s stock after selling 208 shares during the period. Parallel Advisors LLC’s holdings in Check Point Software Technologies were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Park Avenue Securities LLC lifted its stake in Check Point Software Technologies by 4.2% during the second quarter. Park Avenue Securities LLC now owns 2,508 shares of the technology company’s stock valued at $290,000 after purchasing an additional 100 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Check Point Software Technologies by 1.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,368 shares of the technology company’s stock valued at $736,000 after acquiring an additional 100 shares during the period. Private Advisor Group LLC raised its holdings in shares of Check Point Software Technologies by 1.3% during the second quarter. Private Advisor Group LLC now owns 8,210 shares of the technology company’s stock valued at $949,000 after acquiring an additional 102 shares during the period. CAPROCK Group Inc. raised its holdings in shares of Check Point Software Technologies by 5.1% during the third quarter. CAPROCK Group Inc. now owns 2,132 shares of the technology company’s stock valued at $233,000 after acquiring an additional 104 shares during the period. Finally, Pinnacle Bank raised its holdings in shares of Check Point Software Technologies by 69.7% during the second quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. 70.84% of the stock is owned by institutional investors.

Check Point Software Technologies stock traded up $0.83 during trading hours on Friday, hitting $115.42. The company had a trading volume of 692,100 shares, compared to its average volume of 969,194. Check Point Software Technologies Ltd. has a fifty-two week low of $98.57 and a fifty-two week high of $132.76. The firm’s fifty day moving average is $109.68 and its 200-day moving average is $112.71. The firm has a market capitalization of $17.26 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Monday, October 28th. The technology company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.04. Check Point Software Technologies had a net margin of 40.05% and a return on equity of 21.86%. The firm had revenue of $490.91 million during the quarter, compared to the consensus estimate of $490.94 million. During the same period in the prior year, the firm earned $1.38 EPS. The business’s revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that Check Point Software Technologies Ltd. will post 5.51 EPS for the current year.

A number of research firms have recently issued reports on CHKP. Evercore ISI set a $105.00 price target on shares of Check Point Software Technologies and gave the company a “hold” rating in a report on Wednesday, July 24th. BidaskClub lowered shares of Check Point Software Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday. ValuEngine lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to an “underperform” rating and cut their price target for the company from $130.00 to $116.00 in a report on Thursday, September 19th. Finally, Northland Securities restated a “hold” rating on shares of Check Point Software Technologies in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $118.47.

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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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