Oregon Public Employees Retirement Fund Decreases Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oregon Public Employees Retirement Fund lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 25.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,784 shares of the technology company's stock after selling 16,546 shares during the period. Oregon Public Employees Retirement Fund's holdings in Check Point Software Technologies were worth $10,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter worth approximately $29,000. Quarry LP grew its position in 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 bought a new stake in Check Point Software Technologies in the 4th quarter worth approximately $41,000. Finally, Bernard Wealth Management Corp. bought a new stake in Check Point Software Technologies in the 4th quarter worth approximately $76,000. Institutional investors own 98.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wedbush reaffirmed an "outperform" rating and issued a $240.00 target price on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Morgan Stanley cut their price objective on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Stephens cut their price objective on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $232.44.

Check Point Software Technologies Stock Up 1.9%

CHKP stock traded up $4.19 during mid-day trading on Friday, hitting $223.58. The company had a trading volume of 304,434 shares, compared to its average volume of 785,871. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 3.20 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12-month low of $167.54 and a 12-month high of $234.36. The company has a 50-day moving average price of $221.75 and a 200 day moving average price of $214.11.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. The business 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 32.75% 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 previous year, the company earned $2.04 EPS. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.