UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,033,615 shares of the technology company's stock after selling 61,272 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.94% of Check Point Software Technologies worth $192,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. World Investment Advisors boosted its position in shares of Check Point Software Technologies by 4.4% during the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after acquiring an additional 1,278 shares during the last quarter. Crux Wealth Advisors acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $542,000. Truist Financial Corp grew its holdings in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after purchasing an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock worth $928,000 after purchasing an additional 2,478 shares during the period. Finally, Hickory Asset Management Inc. acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth about $476,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded up $0.58 during trading on Tuesday, reaching $228.44. 525,121 shares of the company's stock were exchanged, compared to its average volume of 782,890. The company has a 50 day moving average price of $219.27 and a two-hundred day moving average price of $205.86. The stock has a market cap of $25.12 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36.

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, topping the consensus estimate of $2.19 by $0.02. The firm had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.04 earnings per share. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CHKP shares. UBS Group increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Stephens lowered 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. Morgan Stanley cut their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Sixteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and a consensus target price of $232.04.

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.