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

California State Teachers Retirement System grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,989 shares of the technology company’s stock after buying an additional 15,647 shares during the quarter. California State Teachers Retirement System owned about 0.13% of Check Point Software Technologies worth $24,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boston Partners raised its holdings in shares of Check Point Software Technologies by 5.0% in the 4th quarter. Boston Partners now owns 3,204,519 shares of the technology company’s stock worth $489,700,000 after purchasing an additional 151,657 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Check Point Software Technologies by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after purchasing an additional 77,849 shares in the last quarter. Morningstar Investment Services LLC raised its holdings in shares of Check Point Software Technologies by 98.5% in the 4th quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock worth $148,080,000 after purchasing an additional 481,626 shares in the last quarter. Westwood Global Investments LLC raised its holdings in shares of Check Point Software Technologies by 1.2% in the 1st quarter. Westwood Global Investments LLC now owns 807,862 shares of the technology company’s stock worth $132,497,000 after purchasing an additional 9,838 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of Check Point Software Technologies by 5.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 652,405 shares of the technology company’s stock worth $107,032,000 after purchasing an additional 36,507 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CHKP shares. 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 report on Thursday, July 25th. Royal Bank of Canada boosted their price target on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target 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, July 25th. Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, KeyCorp upgraded shares of Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.68.

Check Point Software Technologies Trading Down 0.1 %

CHKP stock traded down $0.17 during trading on Thursday, hitting $183.28. The company had a trading volume of 9,432 shares, compared to its average volume of 707,272. The stock has a market cap of $20.69 billion, a PE ratio of 25.48, a PEG ratio of 2.85 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $125.68 and a one year high of $186.75. The business has a 50-day moving average of $163.71 and a 200-day moving average of $160.82.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. Research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 EPS for the current 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.