Public Employees Retirement Association of Colorado Sells 3,000 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Public Employees Retirement Association of Colorado cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,820 shares of the technology company’s stock after selling 3,000 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Check Point Software Technologies were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in Check Point Software Technologies by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock worth $912,070,000 after acquiring an additional 114,938 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Boston Partners lifted its holdings in Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Check Point Software Technologies by 1.1% during the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after acquiring an additional 39,092 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Check Point Software Technologies by 3.0% during the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after acquiring an additional 77,849 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Up 1.6 %

Shares of NASDAQ CHKP opened at $194.09 on Monday. The business’s 50 day moving average price is $184.48 and its two-hundred day moving average price is $167.87. The company has a market cap of $21.91 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $195.29.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. During the same quarter in the previous year, the business earned $1.74 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHKP shares. Royal Bank of Canada boosted their price target on 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. Truist Financial restated a “buy” rating and issued a $200.00 price target (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Wedbush boosted their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Finally, BMO Capital Markets boosted their price target on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, 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.