Ativo Capital Management LLC Sells 4,726 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ativo Capital Management LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 7.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 57,930 shares of the technology company's stock after selling 4,726 shares during the period. Check Point Software Technologies comprises 9.8% of Ativo Capital Management LLC's holdings, making the stock its 2nd largest position. Ativo Capital Management LLC owned about 0.05% of Check Point Software Technologies worth $11,170,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Check Point Software Technologies in the 2nd quarter valued at about $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies during the third quarter worth approximately $33,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the third quarter worth approximately $37,000. Arrow Financial Corp lifted its position in 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 acquiring an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies during the third quarter worth approximately $60,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHKP has been the subject of several research reports. Royal Bank of Canada restated a "sector perform" rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. BMO Capital Markets raised their price objective on shares of 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. Bank of America downgraded shares of 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 research report on Wednesday, October 30th. Robert W. Baird cut their price objective 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. Finally, Wedbush raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, October 9th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded up $1.43 during mid-day trading on Monday, reaching $183.18. The stock had a trading volume of 1,349,593 shares, compared to its average volume of 696,410. The stock has a 50-day simple moving average of $190.02 and a two-hundred day simple moving average of $177.53. The stock has a market capitalization of $20.15 billion, a PE ratio of 25.02, a P/E/G ratio of 3.10 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts' consensus estimates of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analysts' expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

About Check Point Software Technologies

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.