Achmea Investment Management B.V. reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 52.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,202 shares of the technology company's stock after selling 39,213 shares during the period. Achmea Investment Management B.V.'s holdings in Check Point Software Technologies were worth $8,024,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth about $25,000. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at approximately $29,000. Quarry LP grew its holdings in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after purchasing an additional 103 shares during the period. Menard Financial Group LLC purchased a new stake in Check Point Software Technologies in the fourth quarter worth $41,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $76,000. 98.51% of the stock is owned by hedge funds and other institutional investors.
Check Point Software Technologies Stock Performance
Shares of NASDAQ CHKP traded down $0.17 during mid-day trading on Tuesday, hitting $221.08. The stock had a trading volume of 864,763 shares, compared to its average volume of 787,744. The business has a 50 day moving average price of $220.64 and a two-hundred day moving average price of $213.11. Check Point Software Technologies Ltd. has a 1 year low of $163.08 and a 1 year high of $234.36. The firm has a market cap of $24.31 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.66.
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 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 analysts' expectations of $635.80 million. During the same quarter last year, the business posted $2.04 EPS. The business's revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Roth Capital initiated coverage on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price objective on the stock. Mizuho raised their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Scotiabank lowered their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Stephens cut their price target on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $232.44.
Get Our Latest Stock Analysis on CHKP
About Check Point Software Technologies
(
Free Report)
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.
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