Hunter Perkins Capital Management LLC Sells 1,445 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hunter Perkins Capital Management LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 24,532 shares of the technology company’s stock after selling 1,445 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Check Point Software Technologies were worth $4,580,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at $33,000. GAMMA Investing LLC increased its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Concord Wealth Partners purchased a new position in Check Point Software Technologies in the 3rd quarter worth about $37,000. Finally, Exchange Traded Concepts LLC lifted its stake in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.0 %

NASDAQ CHKP opened at $194.48 on Monday. The business has a 50-day moving average price of $185.60 and a 200-day moving average price of $186.57. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $210.70.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHKP shares. Truist Financial boosted their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Scotiabank increased their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Eighteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $203.05.

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 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.