Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,640,680 shares of the technology company’s stock after selling 196,119 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Check Point Software Technologies were worth $306,315,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $2,079,000. Toronto Dominion Bank purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $327,000. MBB Public Markets I LLC acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $1,066,000. Millennium Management LLC lifted its position in shares of Check Point Software Technologies by 20.6% during the 2nd quarter. Millennium Management LLC now owns 44,101 shares of the technology company’s stock valued at $7,277,000 after buying an additional 7,523 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Check Point Software Technologies by 195.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 9,735 shares of the technology company’s stock worth $1,606,000 after acquiring an additional 6,435 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

CHKP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price target for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Scotiabank raised their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Wedbush boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Eighteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $203.05.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $202.94 on Wednesday. The firm has a 50 day moving average price of $186.09 and a 200 day moving average price of $186.88. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The company has a market capitalization of $22.32 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 EPS. As a group, equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

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.