Illinois Municipal Retirement Fund Has $10.49 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Illinois Municipal Retirement Fund grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 199.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,014 shares of the technology company's stock after purchasing an additional 30,646 shares during the period. Illinois Municipal Retirement Fund's holdings in Check Point Software Technologies were worth $10,488,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CHKP. Diversified Trust Co increased its position in Check Point Software Technologies by 33.0% in the 1st quarter. Diversified Trust Co now owns 27,221 shares of the technology company's stock valued at $6,204,000 after acquiring an additional 6,752 shares during the period. Board of the Pension Protection Fund lifted its holdings in Check Point Software Technologies by 13.2% in the first quarter. Board of the Pension Protection Fund now owns 4,300 shares of the technology company's stock worth $980,000 after purchasing an additional 500 shares during the period. PDS Planning Inc acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $205,000. Sequoia Financial Advisors LLC raised its position in shares of Check Point Software Technologies by 18.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,394 shares of the technology company's stock worth $1,457,000 after buying an additional 1,015 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Check Point Software Technologies by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock worth $384,591,000 after acquiring an additional 46,713 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHKP. Stephens dropped their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Roth Capital started coverage on Check Point Software Technologies in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target on the stock. Compass Point set a $260.00 price objective on Check Point Software Technologies in a research note on Thursday, March 27th. Finally, Morgan Stanley decreased 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 report on Wednesday, April 16th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $232.44.

Check Point Software Technologies Price Performance

CHKP stock traded down $0.12 on Tuesday, reaching $221.13. 659,399 shares of the company were exchanged, compared to its average volume of 787,285. The stock's fifty day moving average price is $220.64 and its 200 day moving average price is $213.11. Check Point Software Technologies Ltd. has a 12 month low of $163.08 and a 12 month high of $234.36. The firm has a market capitalization of $24.32 billion, a PE ratio of 29.15, a PEG ratio of 3.09 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, beating the consensus estimate of $2.19 by $0.02. The firm had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 earnings per share. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.