Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 274,251 shares of the technology company’s stock after selling 10,031 shares during the period. New York State Common Retirement Fund owned approximately 0.23% of Check Point Software Technologies worth $41,903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHKP. Ariel Investments LLC grew its position in Check Point Software Technologies by 121.2% during the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares during the period. Morningstar Investment Services LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter worth about $65,522,000. LSV Asset Management grew its position in Check Point Software Technologies by 1,535.7% during the 3rd quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock worth $55,156,000 after purchasing an additional 388,535 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Check Point Software Technologies by 248.8% during the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after acquiring an additional 218,403 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Check Point Software Technologies by 107.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock worth $48,244,000 after acquiring an additional 187,314 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. Susquehanna increased their target price on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 7th. Mizuho reissued a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Truist Financial increased their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company raised their price target on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $160.16.

Check Point Software Technologies Trading Up 0.1 %

CHKP stock opened at $161.00 on Thursday. The firm has a 50-day moving average of $161.87 and a two-hundred day moving average of $152.78. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.61 and a beta of 0.61. Check Point Software Technologies Ltd. has a 12 month low of $117.18 and a 12 month high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The business had revenue of $663.50 million during the quarter, compared to the consensus estimate of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

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.