Public Employees Retirement Association of Colorado Sells 900 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Public Employees Retirement Association of Colorado decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,820 shares of the technology company’s stock after selling 900 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Check Point Software Technologies were worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CHKP. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 1st quarter worth approximately $31,000. Richardson Financial Services Inc. bought a new stake in Check Point Software Technologies in the 4th quarter worth approximately $33,000. Y.D. More Investments Ltd lifted its position 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 worth $76,000 after buying an additional 135 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $92,000. Finally, Alaska Permanent Fund Corp purchased a new position in Check Point Software Technologies in the 1st quarter worth approximately $117,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP stock traded up $2.20 during midday trading on Monday, hitting $184.94. The stock had a trading volume of 519,626 shares, compared to its average volume of 712,147. The firm has a market cap of $20.88 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. The business has a 50-day moving average of $161.86 and a two-hundred day moving average of $160.31. Check Point Software Technologies Ltd. has a 52-week low of $125.68 and a 52-week high of $186.75.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. Research analysts predict that Check Point Software Technologies Ltd. will post 7.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on CHKP shares. Royal Bank of Canada lifted their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday. KeyCorp raised Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Barclays lifted their price target on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Truist Financial reissued a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Check Point Software Technologies in a research note on Thursday. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $183.68.

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.