24,900 Check Point Software Technologies Ltd. $CHKP Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,037 shares of the technology company’s stock after selling 24,900 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.17% of Check Point Software Technologies worth $21,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Junto Capital Management LP purchased a new stake in Check Point Software Technologies in the 2nd quarter worth $72,445,000. Renaissance Technologies LLC purchased a new position in Check Point Software Technologies during the first quarter valued at $34,171,000. Bank of America Corp DE lifted its holdings in Check Point Software Technologies by 26.6% during the first quarter. Bank of America Corp DE now owns 808,428 shares of the technology company’s stock valued at $115,484,000 after purchasing an additional 170,024 shares in the last quarter. Mizuho Markets Americas LLC lifted its holdings in Check Point Software Technologies by 633.4% during the first quarter. Mizuho Markets Americas LLC now owns 158,900 shares of the technology company’s stock valued at $22,699,000 after purchasing an additional 137,235 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Check Point Software Technologies by 16.2% in the first quarter. Lazard Asset Management LLC now owns 809,115 shares of the technology company’s stock valued at $115,582,000 after purchasing an additional 112,713 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Insider Transactions at Check Point Software Technologies

In other Check Point Software Technologies news, insider Nataly Kremer sold 3,185 shares of the stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $150.08, for a total value of $478,004.80. Following the completion of the sale, the insider owned 19,347 shares in the company, valued at approximately $2,903,597.76. This represents a 14.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sherif Seddik sold 10,272 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total transaction of $1,269,516.48. Following the completion of the transaction, the executive directly owned 24,675 shares in the company, valued at $3,049,583.25. This trade represents a 29.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

Check Point Software Technologies Trading Down 0.9%

Shares of CHKP stock opened at $152.11 on Friday. The stock’s fifty day moving average is $137.39 and its two-hundred day moving average is $141.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $15.53 billion, a P/E ratio of 15.57, a PEG ratio of 4.35 and a beta of 0.48. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $206.43.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.10. The company had revenue of $673.60 million for the quarter, compared to analysts’ expectations of $675.45 million. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.37 EPS. Research analysts expect that Check Point Software Technologies Ltd. will post 8.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHKP. Bank of America boosted their target price on shares of Check Point Software Technologies from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Scotiabank upgraded shares of Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 price target for the company in a research report on Monday, July 6th. Compass Point set a $135.00 price target on shares of Check Point Software Technologies in a research note on Monday, July 27th. Barclays lowered 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 report on Friday, July 31st. Finally, The Goldman Sachs Group cut their price objective on Check Point Software Technologies from $168.00 to $150.00 and set a “neutral” rating for the company in a research note on Saturday, August 1st. Nine investment analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $150.39.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.

The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.