Check Point Software Technologies Ltd. (NASDAQ:CHKP) is TAM Capital Management Inc.'s 6th Largest Position

TAM Capital Management Inc. trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 82.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,555 shares of the technology company's stock after selling 57,832 shares during the quarter. Check Point Software Technologies accounts for approximately 1.1% of TAM Capital Management Inc.'s investment portfolio, making the stock its 6th biggest position. TAM Capital Management Inc.'s holdings in Check Point Software Technologies were worth $2,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at $27,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $33,000. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $37,000. Arrow Financial Corp grew its position in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock worth $50,000 after buying an additional 100 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $60,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHKP has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Royal Bank of Canada restated a "sector perform" rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded down $1.04 during trading hours on Tuesday, reaching $186.85. 656,310 shares of the stock were exchanged, compared to its average volume of 688,624. The stock has a market cap of $20.55 billion, a P/E ratio of 25.67, a P/E/G ratio of 3.18 and a beta of 0.63. The firm's 50 day moving average is $188.37 and its 200 day moving average is $179.90. Check Point Software Technologies Ltd. has a 52-week low of $144.66 and a 52-week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 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 firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the firm earned $1.80 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS 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.