Healthcare of Ontario Pension Plan Trust Fund Has $1.64 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 71.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,000 shares of the technology company’s stock after selling 25,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Check Point Software Technologies were worth $1,640,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the first quarter worth about $31,000. Richardson Financial Services Inc. acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $33,000. Y.D. More Investments Ltd lifted its stake in Check Point Software Technologies by 37.0% in the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock valued at $76,000 after purchasing an additional 135 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $92,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Check Point Software Technologies during the first quarter worth $117,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHKP. Jefferies Financial Group increased their price target on Check Point Software Technologies from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial reiterated a “buy” rating and issued a $200.00 target price (up from $175.00) on shares of Check Point Software Technologies in a research report on Thursday. Susquehanna boosted their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $183.68.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded up $1.10 during mid-day trading on Thursday, reaching $181.17. The stock had a trading volume of 1,375,298 shares, compared to its average volume of 714,025. The firm has a market capitalization of $20.46 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.68 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $125.68 and a fifty-two week high of $184.67. The stock’s 50-day simple moving average is $160.63 and its 200-day simple moving average is $159.86.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same quarter last year, the firm posted $1.74 EPS. Check Point Software Technologies’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.