Cwm LLC Has $8.14 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

CWM LLC trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,210 shares of the technology company's stock after selling 3,759 shares during the quarter. CWM LLC's holdings in Check Point Software Technologies were worth $8,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CHKP. Thurston Springer Miller Herd & Titak Inc. bought a new position in Check Point Software Technologies during the second quarter valued at about $30,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $31,000. Richardson Financial Services Inc. acquired a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $33,000. Transcendent Capital Group LLC bought a new stake in Check Point Software Technologies during the first quarter worth approximately $107,000. Finally, Alaska Permanent Fund Corp acquired a new position in Check Point Software Technologies in the first quarter worth approximately $117,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHKP has been the subject of several recent analyst reports. Susquehanna raised their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a "positive" rating in a report on Thursday, July 25th. Barclays raised their price objective on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 25th. Scotiabank boosted their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a "sector outperform" rating in a research note on Thursday, July 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Finally, Wedbush upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $186.05.

Check Point Software Technologies Trading Down 0.2 %

NASDAQ:CHKP traded down $0.47 during mid-day trading on Friday, hitting $208.54. 817,740 shares of the company's stock traded hands, compared to its average volume of 673,617. The firm has a market capitalization of $22.94 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The firm has a 50 day moving average of $190.16 and a two-hundred day moving average of $171.15. Check Point Software Technologies Ltd. has a 12 month low of $126.57 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $1.74 earnings per share. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Check Point Software Technologies Company 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.