Check Point Software Technologies Ltd. (NASDAQ:CHKP) is Penserra Capital Management LLC's 10th Largest Position

Penserra Capital Management LLC raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,212 shares of the technology company's stock after purchasing an additional 20,812 shares during the quarter. Check Point Software Technologies accounts for approximately 1.6% of Penserra Capital Management LLC's holdings, making the stock its 10th biggest holding. Penserra Capital Management LLC owned approximately 0.36% of Check Point Software Technologies worth $89,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHKP. Nemes Rush Group LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $29,000. Quarry LP lifted its position in shares of Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after purchasing an additional 103 shares during the period. Menard Financial Group LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock worth $77,000 after buying an additional 55 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Wedbush reissued an "outperform" rating and set a $240.00 target price on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Roth Capital assumed coverage on Check Point Software Technologies in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price target on the stock. Sixteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and a consensus target price of $232.44.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded up $3.20 during trading hours on Tuesday, reaching $226.19. The company had a trading volume of 710,350 shares, compared to its average volume of 785,285. The business's 50 day moving average price is $222.18 and its 200-day moving average price is $214.43. Check Point Software Technologies Ltd. has a 1-year low of $167.88 and a 1-year high of $234.36. The firm has a market cap of $24.88 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 3.19 and a beta of 0.64.

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