D. E. Shaw & Co. Inc. Sells 193,432 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

D. E. Shaw & Co. Inc. trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 40.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 279,949 shares of the technology company's stock after selling 193,432 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.25% of Check Point Software Technologies worth $52,266,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Check Point Software Technologies by 6.0% in the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock worth $15,507,000 after acquiring an additional 4,522 shares in the last quarter. Franklin Resources Inc. raised its stake in Check Point Software Technologies by 7.0% in the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company's stock worth $34,665,000 after buying an additional 10,861 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 buying an additional 60 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Check Point Software Technologies by 13.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company's stock worth $1,093,000 after purchasing an additional 675 shares in the last quarter. Finally, City State Bank acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $154,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Up 0.5%

Check Point Software Technologies stock traded up $1.02 during trading on Thursday, hitting $215.51. The company had a trading volume of 248,786 shares, compared to its average volume of 979,212. The company's 50 day simple moving average is $219.67 and its 200-day simple moving average is $202.99. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.35.

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, beating the consensus estimate of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 EPS. As a group, analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent analyst reports. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. Barclays upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Mizuho lifted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, Stephens lowered their price target on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of "Hold" and a consensus price target of $232.04.

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.