Handelsbanken Fonder AB Has $5 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Handelsbanken Fonder AB decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,914 shares of the technology company's stock after selling 1,393 shares during the period. Handelsbanken Fonder AB's holdings in Check Point Software Technologies were worth $4,995,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $35,000. Quarry LP grew its stake in shares of 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 last quarter. Finally, Menard Financial Group LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analysts Set New Price Targets

CHKP has been the topic of several analyst reports. Wells Fargo & Company dropped 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 report on Thursday, April 24th. Scotiabank dropped 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 report on Thursday, April 24th. Mizuho lifted their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Wedbush reissued 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. Finally, Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Sixteen research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded up $2.55 on Monday, hitting $221.48. The stock had a trading volume of 417,609 shares, compared to its average volume of 785,912. Check Point Software Technologies Ltd. has a twelve month low of $153.88 and a twelve month high of $234.36. The firm's 50 day moving average price is $219.86 and its 200-day moving average price is $210.62. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (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 the consensus estimate 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 quarter in the prior year, the company earned $2.04 EPS. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS 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.