DekaBank Deutsche Girozentrale Sells 14,371 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 568,498 shares of the technology company's stock after selling 14,371 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.52% of Check Point Software Technologies worth $128,781,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CHKP. Gitterman Wealth Management LLC raised its holdings in shares of Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after buying an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock valued at $578,000 after purchasing an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Check Point Software Technologies by 19.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after purchasing an additional 55 shares in the last quarter. 3Chopt Investment Partners LLC boosted its stake in shares of Check Point Software Technologies by 0.3% in the 1st quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock valued at $4,461,000 after purchasing an additional 56 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Check Point Software Technologies by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,661 shares of the technology company's stock valued at $2,737,000 after purchasing an additional 61 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 1.4%

Shares of CHKP stock traded up $3.20 on Tuesday, reaching $226.19. The company had a trading volume of 710,350 shares, compared to its average volume of 784,369. The stock has a market cap of $24.88 billion, a PE ratio of 29.84, a PEG ratio of 3.20 and a beta of 0.64. The company has a 50-day moving average of $221.96 and a 200-day moving average of $214.35. Check Point Software Technologies Ltd. has a 12 month low of $167.54 and a 12 month high of $234.36.

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, beating analysts' consensus estimates of $2.19 by $0.02. The company 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 32.88% and a net margin of 32.75%. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 EPS. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

CHKP has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. BMO Capital Markets restated an "outperform" rating and issued a $250.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Roth Capital initiated coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 target price on the stock. Scotiabank reduced 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 research note on Thursday, April 24th. Finally, Wells Fargo & Company reduced their target price on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $232.44.

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.