TD Asset Management Inc. Has $4.11 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)



TD Asset Management Inc. cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKPGet Rating) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,701 shares of the technology company’s stock after selling 1,099 shares during the period. TD Asset Management Inc.’s holdings in Check Point Software Technologies were worth $4,106,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tcwp LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter worth approximately $26,000. AdvisorNet Financial Inc increased its holdings in Check Point Software Technologies by 107.0% during the 1st quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Check Point Software Technologies during the 1st quarter valued at $45,000. Sageworth Trust Co of South Dakota acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $49,000. Finally, West Bancorporation Inc. acquired a new stake in Check Point Software Technologies during the 1st quarter valued at $66,000. 91.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on Check Point Software Technologies from $145.00 to $130.00 in a report on Monday, May 23rd. BMO Capital Markets dropped their price target on Check Point Software Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday, August 2nd. Bank of America raised Check Point Software Technologies from an “underperform” rating to a “buy” rating and raised their price target for the company from $130.00 to $140.00 in a report on Wednesday, July 20th. Piper Sandler decreased their price objective on Check Point Software Technologies from $130.00 to $120.00 in a research report on Wednesday, July 13th. Finally, Barclays decreased their price objective on Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $138.00.

Check Point Software Technologies Stock Down 0.8 %

NASDAQ:CHKP opened at $121.68 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $107.85 and a 12-month high of $149.62. The firm has a market capitalization of $15.26 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.65 and a beta of 0.60. The stock’s fifty day simple moving average is $122.80 and its 200-day simple moving average is $129.21.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last posted its quarterly earnings results on Monday, August 1st. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.02. The business had revenue of $571.10 million for the quarter, compared to analyst estimates of $560.40 million. Check Point Software Technologies had a return on equity of 25.49% and a net margin of 35.15%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.41 EPS. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 6.29 earnings per share for the current year.

About Check Point Software Technologies

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Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)



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