Check Point Software Technologies Ltd. (CHKP) Shares Sold by Torray LLC

Torray LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.7% during the third quarter, HoldingsChannel reports. The firm owned 117,016 shares of the technology company’s stock after selling 8,412 shares during the quarter. Torray LLC’s holdings in Check Point Software Technologies were worth $13,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in Check Point Software Technologies during the second quarter worth $105,000. Fort L.P. purchased a new stake in Check Point Software Technologies during the second quarter worth $120,000. Stratos Wealth Partners LTD. purchased a new stake in Check Point Software Technologies during the third quarter worth $167,000. Legacy Financial Advisors Inc. boosted its position in Check Point Software Technologies by 1,650.0% during the second quarter. Legacy Financial Advisors Inc. now owns 1,645 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,551 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Check Point Software Technologies by 50.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock valued at $165,000 after acquiring an additional 566 shares in the last quarter. Institutional investors own 66.46% of the company’s stock.

CHKP has been the topic of several recent research reports. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Zacks Investment Research upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Monday, July 23rd. BTIG Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 10th. Morgan Stanley upped their price objective on Check Point Software Technologies from $102.00 to $116.00 and gave the company an “equal weight” rating in a research report on Thursday, July 26th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, July 26th. Nineteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $115.33.

NASDAQ CHKP opened at $111.09 on Monday. Check Point Software Technologies Ltd. has a twelve month low of $93.76 and a twelve month high of $120.81. The stock has a market cap of $18.14 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, October 24th. The technology company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.02. Check Point Software Technologies had a return on equity of 23.04% and a net margin of 43.35%. The firm had revenue of $470.80 million for the quarter, compared to the consensus estimate of $465.94 million. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts predict that Check Point Software Technologies Ltd. will post 5.2 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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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