Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 80.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,929 shares of the technology company's stock after selling 12,008 shares during the period. Vinva Investment Management Ltd's holdings in Check Point Software Technologies were worth $565,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock valued at $16,532,000 after purchasing an additional 20,866 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $1,599,000. M&G Plc lifted its stake in shares of Check Point Software Technologies by 10.0% during the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company's stock valued at $17,894,000 after buying an additional 9,830 shares in the last quarter. Milestone Asset Management LLC bought a new position in Check Point Software Technologies in the 2nd quarter worth $1,357,000. Finally, Assenagon Asset Management S.A. raised its holdings in Check Point Software Technologies by 110.1% during the second quarter. Assenagon Asset Management S.A. now owns 55,903 shares of the technology company's stock valued at $9,224,000 after acquiring an additional 29,298 shares during the period. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CHKP. Truist Financial increased their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Mizuho lifted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Evercore ISI boosted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $197.74.

Check Point Software Technologies Trading Up 0.2 %

Shares of NASDAQ:CHKP traded up $0.45 during trading on Friday, reaching $182.00. The stock had a trading volume of 246,764 shares, compared to its average volume of 673,924. The firm's 50-day simple moving average is $189.23 and its 200 day simple moving average is $178.21. Check Point Software Technologies Ltd. has a one year low of $143.28 and a one year high of $210.70. The company has a market capitalization of $20.02 billion, a P/E ratio of 24.86, a PEG ratio of 3.11 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal 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.