Public Employees Retirement Association of Colorado Invests $4.54 Million in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Public Employees Retirement Association of Colorado acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 29,720 shares of the technology company’s stock, valued at approximately $4,541,000.

A number of other hedge funds also recently bought and sold shares of the business. BSW Wealth Partners increased its holdings in shares of Check Point Software Technologies by 3.7% in the fourth quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after purchasing an additional 78 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Check Point Software Technologies by 6.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock worth $211,000 after acquiring an additional 89 shares during the period. Dark Forest Capital Management LP boosted its position in shares of Check Point Software Technologies by 2.1% during the 3rd quarter. Dark Forest Capital Management LP now owns 5,126 shares of the technology company’s stock valued at $683,000 after acquiring an additional 103 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Check Point Software Technologies by 1.7% in the fourth quarter. Brookstone Capital Management now owns 6,175 shares of the technology company’s stock valued at $943,000 after purchasing an additional 103 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its position in Check Point Software Technologies by 8.4% during the third quarter. Industrial Alliance Investment Management Inc. now owns 1,386 shares of the technology company’s stock worth $185,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $156.41 on Friday. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.44 and a beta of 0.61. The stock’s 50-day moving average is $155.18 and its two-hundred day moving average is $155.97. Check Point Software Technologies Ltd. has a 1-year low of $122.86 and a 1-year high of $168.82.

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 for the quarter, hitting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The firm had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on CHKP. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Wedbush reiterated an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research report on Friday, April 26th. Barclays lifted 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 report on Friday, April 26th. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Finally, Mizuho restated a “neutral” rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $169.18.

View Our Latest Analysis on Check Point Software Technologies

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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