Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 392.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,521 shares of the technology company's stock after acquiring an additional 28,301 shares during the quarter. Cerity Partners LLC's holdings in Check Point Software Technologies were worth $8,096,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CHKP. Independent Advisor Alliance lifted its holdings in shares of Check Point Software Technologies by 35.9% in the 4th quarter. Independent Advisor Alliance now owns 1,430 shares of the technology company's stock valued at $267,000 after acquiring an additional 378 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Check Point Software Technologies by 10.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,084 shares of the technology company's stock valued at $3,936,000 after purchasing an additional 2,006 shares during the period. Natixis Advisors LLC increased its position in shares of Check Point Software Technologies by 1.5% during the fourth quarter. Natixis Advisors LLC now owns 50,472 shares of the technology company's stock worth $9,423,000 after purchasing an additional 746 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Check Point Software Technologies by 8.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,544 shares of the technology company's stock valued at $1,408,000 after acquiring an additional 559 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Check Point Software Technologies by 16.3% in the 4th quarter. Teacher Retirement System of Texas now owns 98,696 shares of the technology company's stock valued at $18,427,000 after acquiring an additional 13,843 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHKP shares. BMO Capital Markets reiterated an "outperform" rating and issued a $250.00 price target on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Cantor Fitzgerald raised their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Wednesday. Wedbush reaffirmed an "outperform" rating and set a $240.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 24th. Mizuho lifted their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Finally, Wall Street Zen upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Sixteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $234.24.

Check Point Software Technologies Price Performance

CHKP stock traded up $0.68 during midday trading on Thursday, reaching $218.75. 153,789 shares of the company's stock traded hands, compared to its average volume of 787,080. The company has a market capitalization of $24.06 billion, a P/E ratio of 28.79, a PEG ratio of 3.13 and a beta of 0.64. Check Point Software Technologies Ltd. has a fifty-two week low of $169.02 and a fifty-two week high of $234.36. The business has a 50-day moving average price of $222.43 and a two-hundred day moving average price of $215.57.

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 32.75% and a return on equity of 32.88%. 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, research analysts forecast 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.