Doheny Asset Management CA Has $547,000 Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Doheny Asset Management CA decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,583 shares of the technology company’s stock after selling 1,010 shares during the period. Doheny Asset Management CA’s holdings in Check Point Software Technologies were worth $547,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CHKP. BSW Wealth Partners boosted its stake in Check Point Software Technologies by 3.7% in the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after purchasing an additional 78 shares during the period. Pacer Advisors Inc. lifted its position in shares of Check Point Software Technologies by 6.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock valued at $211,000 after acquiring an additional 89 shares during the period. Dark Forest Capital Management LP lifted its position in shares of Check Point Software Technologies by 2.1% during the 3rd quarter. Dark Forest Capital Management LP now owns 5,126 shares of the technology company’s stock valued at $683,000 after acquiring an additional 103 shares during the period. Brookstone Capital Management lifted its position in shares of Check Point Software Technologies by 1.7% during the 4th quarter. Brookstone Capital Management now owns 6,175 shares of the technology company’s stock valued at $943,000 after acquiring an additional 103 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in shares of Check Point Software Technologies by 3.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,354 shares of the technology company’s stock valued at $447,000 after acquiring an additional 107 shares during the period. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded up $0.61 on Thursday, reaching $149.58. 290,382 shares of the company’s stock were exchanged, compared to its average volume of 725,132. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.43 and a beta of 0.64. The stock has a fifty day simple moving average of $160.83 and a 200-day simple moving average of $153.33. Check Point Software Technologies Ltd. has a 52 week low of $118.21 and a 52 week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The company had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.79 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on CHKP shares. Truist Financial upped their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. William Blair raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. UBS Group raised their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. BMO Capital Markets increased their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Finally, Scotiabank increased their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Wednesday, February 7th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average target price of $164.00.

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.