Check Point Software Technologies Ltd. (NASDAQ:CHKP) is Altrinsic Global Advisors LLC's 7th Largest Position

Altrinsic Global Advisors LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,636 shares of the technology company's stock after selling 196,226 shares during the quarter. Check Point Software Technologies makes up 5.5% of Altrinsic Global Advisors LLC's portfolio, making the stock its 7th largest position. Altrinsic Global Advisors LLC owned about 0.55% of Check Point Software Technologies worth $113,819,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at $25,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Strategic Financial Concepts LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after buying an additional 137 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Baird R W upgraded Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Mizuho lifted their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $240.00 target price on shares of Check Point Software Technologies in a research report on Thursday. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and an average price target of $232.04.

Check Point Software Technologies Stock Up 0.7 %

Shares of NASDAQ:CHKP traded up $1.42 during midday trading on Monday, reaching $207.97. The company's stock had a trading volume of 354,096 shares, compared to its average volume of 771,956. The firm has a market capitalization of $22.87 billion, a PE ratio of 27.89, a P/E/G ratio of 3.41 and a beta of 0.62. The stock has a fifty day moving average of $220.45 and a 200 day moving average of $201.96. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month 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 EPS for the quarter, beating 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 firm had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same period last year, the firm earned $2.04 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal 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.