Oak Family Advisors LLC sells 705 shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)


Oak Family Advisors LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPGet a rating) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,998 shares of the technology company after selling 705 shares during the period. Oak Family Advisors LLC’s holdings in Check Point Software Technologies were worth $233,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors also changed their positions in CHKP. D Orazio & Associates Inc. acquired a new stake in Check Point Software Technologies in Q3 for approximately $25,000. NEXT Financial Group Inc increased its stake in Check Point Software Technologies by 171.3% in the third quarter. NEXT Financial Group Inc now owns 236 shares of the technology company worth $27,000 after buying 149 additional shares in the last quarter. Spire Wealth Management increased its stake in Check Point Software Technologies by 85.3% in the 4th quarter. Spire Wealth Management now owns 428 shares of the technology company worth $50,000 after buying 197 more shares in the last quarter. Ellevest Inc. purchased a new stake in shares of Check Point Software Technologies in Q4 for a value of approximately $52,000. Finally, Arkadios Wealth Advisors increased its stake in Check Point Software Technologies shares by 91.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 529 shares of the technology company worth $59,000 after buying 253 additional shares in the last quarter. 86.69% of the shares are held by institutional investors and hedge funds.

Several equity research analysts have recently weighed in on CHKP shares. Zacks Investment Research moved shares of Check Point Software Technologies from a “sell” to a “hold” rating and set a price target of $132.00 for the company in a Monday, January 17 research report. Morgan Stanley raised its price target on shares of Check Point Software Technologies from $116.00 to $120.00 and gave the company an “underweight” rating in a Friday, Feb. 4 research note. Piper Sandler downgraded shares of Check Point Software Technologies from a “neutral” rating to an “underweight” rating and set a price target of $130.00 for the stock. in a Monday, March 21 research note. Raymond James raised his price target on shares of Check Point Software Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a Friday, Feb. 4 research report. Finally, Citigroup launched a hedge on the shares of Check Point Software Technologies in a report on Monday, January 24. They set a rating of “sell” and a price target of $115.00 on the stock. Six analysts have assigned the stock a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $135.00.

CHKP traded at $1.26 on Friday, reaching $142.82. The company had a trading volume of 1,570,946 shares, compared to an average volume of 1,413,166 shares. The company’s fifty-day moving average price is $136.18 and its 200-day moving average price is $123.63. Check Point Software Technologies Ltd. has a 1-year low of $107.85 and a 1-year high of $149.62. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 23.45, a growth price-to-earnings ratio of 3.04 and a beta of 0.62.

Check Point software technologies (NASDAQ:CHKPGet a rating) last released its quarterly results on Thursday, February 3. The technology company reported EPS of $2.02 for the quarter, beating Thomson Reuters consensus estimate of $1.89 by $0.13. The company posted revenue of $599.10 million for the quarter, versus a consensus estimate of $586.42 million. Check Point Software Technologies achieved a return on equity of 25.39% and a net margin of 37.64%. The company’s revenue for the quarter increased 6.3% year over year. During the same period a year earlier, the company posted EPS of $1.98. Analysts expect Check Point Software Technologies Ltd. is posting earnings per share of 6.4 for the current fiscal year.

Check Point Software Technology Profile (Get a rating)

Check Point Software Technologies Ltd. engages in the development and marketing of software and hardware solutions for information technology security. Its products include threat prevention, next-generation firewalls, mobile security and security management. The company was founded by Gil Shwed, Marius Nacht and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

See also

Institutional ownership by quarter for Check Point Software Technologies (NASDAQ:CHKP)



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Image of Oak Family Advisors LLC sells 705 shares of Check Point Software Technologies Ltd.  (NASDAQ:CHKP)

Oak Family Advisors LLC reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPGet a rating) by 26.1% in the 4th quarter, according to its last Form 13F filed with the Securities & Exchange Commission. The institutional investor owned 1,998 shares of the technology company after selling 705 shares during the period. Oak Family Advisors LLC’s holdings in Check Point Software Technologies were worth $233,000 when it last filed with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently changed their positions in CHKP. D Orazio & Associates Inc. acquired a new stake in Check Point Software Technologies in Q3 for approximately $25,000. NEXT Financial Group Inc increased its stake in Check Point Software Technologies by 171.3% in the third quarter. NEXT Financial Group Inc now owns 236 shares of the technology company worth $27,000 after buying 149 additional shares in the last quarter. Spire Wealth Management increased its stake in Check Point Software Technologies by 85.3% in the 4th quarter. Spire Wealth Management now owns 428 shares of the technology company worth $50,000 after buying 197 more shares in the last quarter. Ellevest Inc. purchased a new stake in shares of Check Point Software Technologies in Q4 for a value of approximately $52,000. Finally, Arkadios Wealth Advisors increased its stake in Check Point Software Technologies shares by 91.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 529 shares of the technology company worth $59,000 after buying 253 additional shares in the last quarter. 86.69% of the shares are held by institutional investors.

Several equity research analysts have recently weighed in on CHKP shares. Citigroup began covering shares of Check Point Software Technologies in a research report on Monday, January 24. They issued a “sell” rating and a price target of $115.00 for the company. Morgan Stanley raised its price target on shares of Check Point Software Technologies from $116.00 to $120.00 and gave the company an “underweight” rating in a Friday, Feb. 4 research note. Cowen raised his price target on shares of Check Point Software Technologies from $142.00 to $164.00 and gave the company an “outperform” rating in a Thursday, March 10 research note. StockNews.com purported coverage of Check Point Software Technologies stock in a Thursday, March 31, research note. They issued a “buy” rating on the stock. Finally, Mizuho raised its price target on shares of Check Point Software Technologies from $125.00 to $136.00 and gave the company a “neutral” rating in a Friday, Feb. 4 research report. Six analysts rated the stock with a sell rating, three gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $135.00.

Shares of Action Check Point Software Technologies traded down $1.26 in Friday’s trading, hitting $142.82. 1,570,946 shares of the stock have been traded, compared to its average volume of 1,413,166. The stock has a market capitalization of $19.59 billion, a P/E ratio of 23.45, a PEG of 3.04 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $107.85 and a 12-month high of $149.62. The company has a fifty-day moving average price of $136.18 and a two-hundred-day moving average price of $123.63.

Check Point software technologies (NASDAQ:CHKPGet a rating) last released its quarterly results on Thursday, February 3. The technology company reported EPS of $2.02 for the quarter, beating Thomson Reuters consensus estimate of $1.89 by $0.13. The company posted revenue of $599.10 million for the quarter, versus a consensus estimate of $586.42 million. Check Point Software Technologies achieved a return on equity of 25.39% and a net margin of 37.64%. The company’s revenue for the quarter increased 6.3% year over year. During the same period a year earlier, the company posted EPS of $1.98. As a group, analysts expect Check Point Software Technologies Ltd. will post earnings per share of 6.4 for the current fiscal year.

Check Point Software Technology Profile (Get a rating)

Check Point Software Technologies Ltd. engages in the development and marketing of software and hardware solutions for information technology security. Its products include threat prevention, next-generation firewalls, mobile security and security management. The company was founded by Gil Shwed, Marius Nacht and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

See also

Institutional ownership by quarter for Check Point Software Technologies (NASDAQ:CHKP)



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