Nuveen Asset Management LLC Raises Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Nuveen Asset Management LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 321,823 shares of the technology company's stock after purchasing an additional 66,078 shares during the quarter. Nuveen Asset Management LLC owned 0.29% of Check Point Software Technologies worth $60,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CHKP. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies in the 4th quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $35,000. Quarry LP raised its holdings in shares of Check Point Software Technologies by 100.0% in the fourth 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, Exchange Traded Concepts LLC lifted its position in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 1.8%

Shares of NASDAQ CHKP traded up $3.91 during midday trading on Thursday, hitting $224.86. The company's stock had a trading volume of 730,820 shares, compared to its average volume of 780,631. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 3.41 and a beta of 0.66. The stock has a fifty day moving average price of $219.47 and a 200 day moving average price of $204.32. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 EPS. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHKP. Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $250.00 target price on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Arete Research upgraded Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. Finally, Stephens cut their price objective on 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. Sixteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $232.04.

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.