Check Point Software Technologies Ltd. (NASDAQ:CHKP) is Ativo Capital Management LLC's 2nd Largest Position

Ativo Capital Management LLC decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,290 shares of the technology company's stock after selling 16,241 shares during the period. Check Point Software Technologies makes up 8.4% of Ativo Capital Management LLC's investment portfolio, making the stock its 2nd largest holding. Ativo Capital Management LLC's holdings in Check Point Software Technologies were worth $9,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $428,820,000. Causeway Capital Management LLC boosted its position in shares of Check Point Software Technologies by 33.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after buying an additional 487,823 shares in the last quarter. First Trust Advisors LP grew its stake in Check Point Software Technologies by 17.4% in the 4th quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock valued at $340,314,000 after acquiring an additional 269,925 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Check Point Software Technologies by 2.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock valued at $384,591,000 after acquiring an additional 46,713 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Check Point Software Technologies by 10.6% during the 4th quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company's stock valued at $266,930,000 after acquiring an additional 136,699 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded up $4.19 during mid-day trading on Friday, hitting $223.58. The company's stock had a trading volume of 304,434 shares, compared to its average volume of 785,871. The firm has a market capitalization of $24.59 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $167.54 and a 52-week high of $234.36. The stock's fifty day simple moving average is $221.75 and its two-hundred day simple moving average is $214.11.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research reports. Stephens lowered their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Scotiabank reduced their target price on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Mizuho raised their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Compass Point set a $260.00 price target on Check Point Software Technologies in a report on Thursday, March 27th. Finally, Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Sixteen investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $232.44.

Check Point Software Technologies Company 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.