Rockefeller Capital Management L.P. Sells 30,197 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 15.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,877 shares of the technology company's stock after selling 30,197 shares during the period. Rockefeller Capital Management L.P. owned about 0.15% of Check Point Software Technologies worth $32,754,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHKP. Bank of Montreal Can lifted its stake 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 buying an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter valued at $1,599,000. M&G Plc raised its stake in 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 purchasing an additional 9,830 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at $1,357,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Check Point Software Technologies by 110.1% in the second quarter. Assenagon Asset Management S.A. now owns 55,903 shares of the technology company's stock worth $9,224,000 after buying an additional 29,298 shares during the period. Institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CHKP shares. Mizuho upped their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. BMO Capital Markets increased their price target 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. Robert W. Baird lowered their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Wedbush increased 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 research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $197.74.

Check Point Software Technologies Stock Performance

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

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the firm posted $1.80 EPS. The company's revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 7.86 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.