Axa S.A. Decreases Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

AXA S.A. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,198 shares of the technology company's stock after selling 8,561 shares during the period. AXA S.A.'s holdings in Check Point Software Technologies were worth $9,372,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CHKP. Mercer Global Advisors Inc. ADV raised its holdings in Check Point Software Technologies by 16.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,586 shares of the technology company's stock worth $669,000 after acquiring an additional 514 shares during the last quarter. Cypress Advisory Group LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $1,434,000. Schonfeld Strategic Advisors LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $429,000. AdvisorShares Investments LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $497,000. Finally, Northern Trust Corp grew its position in Check Point Software Technologies by 43.6% in the 4th quarter. Northern Trust Corp now owns 802,042 shares of the technology company's stock worth $149,741,000 after purchasing an additional 243,658 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Mizuho lifted their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Eighteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Trading Down 1.4%

Shares of CHKP traded down $3.08 during trading hours on Friday, reaching $217.59. 643,265 shares of the stock traded hands, compared to its average volume of 780,835. The company has a market cap of $23.93 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The company's 50-day moving average price is $220.18 and its two-hundred day moving average price is $202.74.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 EPS. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 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.