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

Axa S.A. trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,198 shares of the technology company's stock after selling 8,561 shares during the quarter. Axa S.A.'s holdings in Check Point Software Technologies were worth $9,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CHKP. Barclays PLC raised its holdings in Check Point Software Technologies by 6.0% during the 3rd quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after buying an additional 4,522 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Check Point Software Technologies during the third quarter valued at about $187,000. Franklin Resources Inc. boosted its holdings in shares of Check Point Software Technologies by 7.0% during the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company's stock worth $34,665,000 after purchasing an additional 10,861 shares during the period. GAMMA Investing LLC grew its stake in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in Check Point Software Technologies by 34.1% during the 4th quarter. CWA Asset Management Group LLC now owns 11,120 shares of the technology company's stock valued at $2,076,000 after purchasing an additional 2,828 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CHKP. Morgan Stanley cut their price objective on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. StockNews.com lowered shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $230.00 to $260.00 in a research note on Thursday, March 27th. BMO Capital Markets reissued an "outperform" rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Finally, Stephens reduced their target price on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Eighteen investment 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. Based on data from MarketBeat, Check Point Software Technologies has an average rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $220.16 on Tuesday. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. The business has a 50-day simple moving average of $220.17 and a two-hundred day simple moving average of $202.34. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36.

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

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