Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 90.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,097 shares of the technology company's stock after selling 10,876 shares during the quarter. Nisa Investment Advisors LLC's holdings in Check Point Software Technologies were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CHKP. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter worth $27,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies during the third quarter worth about $33,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Concord Wealth Partners purchased a new position in Check Point Software Technologies during the third quarter worth about $37,000. Finally, Arrow Financial Corp boosted its holdings in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CHKP shares. Truist Financial lifted their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Wedbush lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. Guggenheim reaffirmed a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 24th. Bank of America downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their price target for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Finally, Citigroup raised their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $206.60.

Check Point Software Technologies Stock Up 7.4 %

Shares of CHKP traded up $15.09 during trading hours on Thursday, reaching $218.99. 2,068,480 shares of the company traded hands, compared to its average volume of 813,371. The stock has a market capitalization of $24.09 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. The stock has a fifty day simple moving average of $187.20 and a 200 day simple moving average of $187.22. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.03.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share 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 business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the business posted $1.80 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. Research analysts predict 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.