Continuum Advisory LLC Sells 207 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Continuum Advisory LLC decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,217 shares of the technology company’s stock after selling 207 shares during the quarter. Continuum Advisory LLC’s holdings in Check Point Software Technologies were worth $277,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. EWA LLC bought a new stake in Check Point Software Technologies during the 1st quarter valued at approximately $217,000. Suncoast Equity Management boosted its stake in Check Point Software Technologies by 9.6% during the 1st quarter. Suncoast Equity Management now owns 6,325 shares of the technology company’s stock valued at $1,442,000 after purchasing an additional 555 shares during the period. Stonegate Investment Group LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at approximately $274,000. ORG Partners LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at approximately $95,000. Finally, CWA Asset Management Group LLC raised its holdings in Check Point Software Technologies by 108.2% in the 1st quarter. CWA Asset Management Group LLC now owns 23,157 shares of the technology company’s stock valued at $5,278,000 after acquiring an additional 12,037 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

CHKP has been the subject of several recent research reports. Mizuho upped their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Check Point Software Technologies in a report on Thursday, February 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Bank of America raised Check Point Software Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $232.44.

Check Point Software Technologies Price Performance

CHKP stock opened at $219.56 on Wednesday. The business has a fifty day moving average price of $220.17 and a 200 day moving average price of $212.08. Check Point Software Technologies Ltd. has a fifty-two week low of $153.88 and a fifty-two week high of $234.36. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 3.19 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.02. The firm had revenue of $637.80 million during the quarter, compared to analysts’ expectations of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $2.04 EPS. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.