Alyeska Investment Group L.P. Has $64.58 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Alyeska Investment Group L.P. raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,887 shares of the technology company's stock after purchasing an additional 124,583 shares during the period. Alyeska Investment Group L.P. owned 0.31% of Check Point Software Technologies worth $64,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ancora Advisors LLC lifted its holdings in Check Point Software Technologies by 8.0% in the fourth quarter. Ancora Advisors LLC now owns 2,575 shares of the technology company's stock valued at $481,000 after buying an additional 190 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of 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 valued at $669,000 after purchasing an additional 514 shares during the period. Cypress Advisory Group LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter worth $1,434,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $429,000. Finally, AdvisorShares Investments LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at about $497,000. Institutional investors own 98.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CHKP shares. BMO Capital Markets restated an "outperform" rating and set a $250.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. Barclays lifted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. StockNews.com cut shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, Mizuho increased their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Eighteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded down $3.11 during midday trading on Friday, reaching $217.56. 307,333 shares of the company's stock were exchanged, compared to its average volume of 777,246. The stock's 50-day simple moving average is $220.25 and its 200 day simple moving average is $202.70. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of 29.12, a P/E/G 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.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. During the same period in the previous year, the firm earned $2.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.