Hussman Strategic Advisors Inc. Reduces Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hussman Strategic Advisors Inc. lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 25.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,300 shares of the technology company's stock after selling 2,100 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Check Point Software Technologies were worth $1,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CHKP. Independent Advisor Alliance boosted its position in Check Point Software Technologies by 35.9% in the fourth quarter. Independent Advisor Alliance now owns 1,430 shares of the technology company's stock valued at $267,000 after buying an additional 378 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Check Point Software Technologies by 10.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,084 shares of the technology company's stock valued at $3,936,000 after buying an additional 2,006 shares during the last quarter. Natixis Advisors LLC boosted its position in Check Point Software Technologies by 1.5% in the fourth quarter. Natixis Advisors LLC now owns 50,472 shares of the technology company's stock valued at $9,423,000 after buying an additional 746 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Check Point Software Technologies by 8.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,544 shares of the technology company's stock valued at $1,408,000 after buying an additional 559 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Check Point Software Technologies by 16.3% in the fourth quarter. Teacher Retirement System of Texas now owns 98,696 shares of the technology company's stock valued at $18,427,000 after buying an additional 13,843 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded down $1.99 during mid-day trading on Friday, hitting $215.48. The stock had a trading volume of 911,625 shares, compared to its average volume of 789,796. The firm's 50 day moving average is $222.32 and its 200 day moving average is $215.97. Check Point Software Technologies Ltd. has a twelve month low of $169.02 and a twelve month high of $234.36. The stock has a market capitalization of $23.70 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 3.11 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating 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 firm had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same period in the prior year, the company earned $2.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays upped their target price on Check Point Software Technologies from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday. Stephens decreased 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. Bank of America raised Check Point Software Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Wedbush reissued an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. Finally, Morgan Stanley decreased their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Sixteen 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 MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $234.24.

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.