Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,029 shares of the technology company's stock after purchasing an additional 8,994 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Check Point Software Technologies were worth $9,340,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Woodline Partners LP purchased a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $15,163,000. Vident Advisory LLC grew its holdings in Check Point Software Technologies by 32.8% in the fourth quarter. Vident Advisory LLC now owns 109,417 shares of the technology company's stock valued at $20,428,000 after purchasing an additional 27,036 shares during the period. Two Sigma Advisers LP grew its holdings in Check Point Software Technologies by 1.1% in the fourth quarter. Two Sigma Advisers LP now owns 17,600 shares of the technology company's stock valued at $3,286,000 after purchasing an additional 200 shares during the period. State of Wyoming grew its holdings in Check Point Software Technologies by 3.2% in the fourth quarter. State of Wyoming now owns 2,161 shares of the technology company's stock valued at $403,000 after purchasing an additional 66 shares during the period. Finally, Snowden Capital Advisors LLC grew its holdings in Check Point Software Technologies by 36.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 2,261 shares of the technology company's stock valued at $422,000 after purchasing an additional 609 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Truist Financial reiterated a "buy" rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Roth Capital assumed coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price objective for the company. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Price Performance

CHKP traded down $0.64 during trading on Tuesday, hitting $227.23. The company had a trading volume of 222,702 shares, compared to its average volume of 958,990. The company has a market cap of $24.99 billion, a PE ratio of 30.46, a P/E/G ratio of 3.41 and a beta of 0.66. The business has a 50-day moving average of $219.27 and a 200-day moving average of $205.86. 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 quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.02. The firm had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 earnings per share. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.