Ariel Investments LLC Has $212.16 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ariel Investments LLC trimmed its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,136,341 shares of the technology company's stock after selling 63,360 shares during the quarter. Check Point Software Technologies makes up about 2.3% of Ariel Investments LLC's holdings, making the stock its 14th biggest position. Ariel Investments LLC owned 1.03% of Check Point Software Technologies worth $212,155,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $25,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the 4th quarter valued at about $35,000. Quarry LP grew its stake in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after acquiring an additional 103 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded up $0.52 on Thursday, hitting $221.39. 272,015 shares of the stock were exchanged, compared to its average volume of 776,238. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 3.41 and a beta of 0.66. The company's 50-day moving average price is $220.26 and its 200 day moving average price is $202.60. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. During the same quarter in the prior year, the firm posted $2.04 earnings per share. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research reports. Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Robert W. Baird raised Check Point Software Technologies from a "neutral" rating to an "outperform" rating and upped their target price for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Roth Capital began coverage on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price target on the stock. Barclays increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Finally, Arete Research upgraded Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $232.04.

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.