Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Lifted by California State Teachers Retirement System

California State Teachers Retirement System grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,342 shares of the technology company’s stock after buying an additional 4,881 shares during the period. California State Teachers Retirement System’s holdings in Check Point Software Technologies were worth $20,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. Avantax Advisory Services Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter worth $214,000. NewEdge Wealth LLC grew its position in Check Point Software Technologies by 50.5% in the 3rd quarter. NewEdge Wealth LLC now owns 3,854 shares of the technology company’s stock valued at $514,000 after buying an additional 1,294 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Check Point Software Technologies by 1.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,552 shares of the technology company’s stock valued at $2,606,000 after buying an additional 296 shares in the last quarter. D.A. Davidson & CO. increased its stake in Check Point Software Technologies by 5.6% during the 3rd quarter. D.A. Davidson & CO. now owns 2,377 shares of the technology company’s stock valued at $317,000 after buying an additional 127 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of Check Point Software Technologies by 3.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,189 shares of the technology company’s stock worth $558,000 after buying an additional 146 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on CHKP shares. Stifel Nicolaus lowered their price objective on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Wedbush reissued an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research note on Friday, April 26th. Barclays raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. TD Cowen boosted their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, Mizuho reissued a “neutral” rating and issued a $160.00 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Thirteen equities 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.com, the company has an average rating of “Hold” and an average price target of $169.18.

View Our Latest Analysis on CHKP

Check Point Software Technologies Price Performance

CHKP stock opened at $154.82 on Friday. The company’s 50 day simple moving average is $155.33 and its 200-day simple moving average is $155.87. Check Point Software Technologies Ltd. has a 52-week low of $122.86 and a 52-week high of $168.82. The firm has a market capitalization of $17.48 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.38 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last released its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The company had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.

About Check Point Software Technologies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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