Nisa Investment Advisors LLC Sells 10,876 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Nisa Investment Advisors LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 90.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,097 shares of the technology company’s stock after selling 10,876 shares during the period. Nisa Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. World Investment Advisors LLC acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $51,922,000. FMR LLC raised its holdings in shares of Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Check Point Software Technologies by 10.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after acquiring an additional 177,104 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Check Point Software Technologies by 134.2% in the third quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company’s stock valued at $25,245,000 after buying an additional 75,031 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Piper Sandler lifted their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Truist Financial lifted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday. Finally, Citigroup increased their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Seventeen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $205.10.

Check Point Software Technologies Stock Performance

CHKP stock opened at $203.90 on Thursday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $210.70. The company has a market capitalization of $22.42 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. The company’s 50 day moving average price is $186.66 and its two-hundred day moving average price is $187.10.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 earnings per share. On average, research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Check Point Software Technologies 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.