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Massachusetts Financial Services Co. MA Has $1.13 Billion Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Check Point Software Technologies logo with Computer and Technology background

Massachusetts Financial Services Co. MA lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,944,107 shares of the technology company's stock after selling 315,505 shares during the period. Massachusetts Financial Services Co. MA owned about 4.50% of Check Point Software Technologies worth $1,126,861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHKP. Norges Bank bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $428,820,000. Causeway Capital Management LLC lifted its stake in Check Point Software Technologies by 33.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock valued at $360,257,000 after buying an additional 487,823 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Check Point Software Technologies by 17.4% during the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock valued at $340,314,000 after acquiring an additional 269,925 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Check Point Software Technologies by 2.8% during the first 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 last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Check Point Software Technologies by 10.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company's stock worth $266,930,000 after acquiring an additional 136,699 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 2.4%

Shares of Check Point Software Technologies stock traded up $5.18 on Monday, reaching $220.68. 731,995 shares of the company were exchanged, compared to its average volume of 902,144. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.08 and a beta of 0.64. The stock has a fifty day moving average price of $222.52 and a 200-day moving average price of $215.30.

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 analysts' consensus estimates of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CHKP shares. Roth Capital initiated coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 target price for the company. Barclays boosted their price objective on Check Point Software Technologies from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their target price for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Mizuho boosted their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a report on Thursday, March 27th. Sixteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus price target of $233.04.

View Our Latest Report on CHKP

Check Point Software Technologies Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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