New York State Common Retirement Fund decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 33.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,854 shares of the technology company's stock after selling 93,855 shares during the quarter. New York State Common Retirement Fund owned about 0.17% of Check Point Software Technologies worth $42,360,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $29,000. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $37,000. Quarry LP raised its stake in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 98.51% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on CHKP. Mizuho boosted their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Compass Point set a $260.00 price target on Check Point Software Technologies in a report on Thursday, March 27th. Wedbush restated an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. BMO Capital Markets restated an "outperform" rating and issued a $250.00 price target on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Finally, Scotiabank lowered their price target on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Sixteen investment 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. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus target price of $234.24.
Check Out Our Latest Research Report on Check Point Software Technologies
Check Point Software Technologies Price Performance
Check Point Software Technologies stock traded down $0.71 during midday trading on Wednesday, hitting $218.07. 514,926 shares of the company were exchanged, compared to its average volume of 789,582. The company's fifty day moving average price is $222.43 and its 200-day moving average price is $215.57. The company has a market cap of $23.98 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 3.13 and a beta of 0.64. Check Point Software Technologies Ltd. has a fifty-two week low of $169.02 and a fifty-two week high of $234.36.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping 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%. Check Point Software Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 EPS. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.
About Check Point Software Technologies
(
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.
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