Public Sector Pension Investment Board Has $8.90 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Public Sector Pension Investment Board raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,136 shares of the technology company’s stock after acquiring an additional 8,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in Check Point Software Technologies were worth $8,895,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in Check Point Software Technologies by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after purchasing an additional 114,938 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after buying an additional 391,983 shares in the last quarter. Ninety One UK Ltd raised its position in Check Point Software Technologies by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after buying an additional 39,092 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $182.00 on Friday. The stock has a market cap of $20.02 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.10 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $143.28 and a fifty-two week high of $210.70. The firm’s fifty day moving average price is $189.23 and its 200-day moving average price is $178.01.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 EPS. On average, analysts predict that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CHKP shares. BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Robert W. Baird cut their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Truist Financial increased their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI lifted their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $197.74.

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.