Robeco Institutional Asset Management B.V. Boosts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Robeco Institutional Asset Management B.V. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,687,393 shares of the technology company's stock after acquiring an additional 46,713 shares during the period. Check Point Software Technologies makes up 0.7% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 22nd largest holding. Robeco Institutional Asset Management B.V. owned approximately 1.53% of Check Point Software Technologies worth $384,591,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of CHKP. Norges Bank purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $428,820,000. Causeway Capital Management LLC increased its stake in Check Point Software Technologies by 33.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after acquiring an additional 487,823 shares during the last quarter. First Trust Advisors LP increased its stake in Check Point Software Technologies by 17.4% in the 4th quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock worth $340,314,000 after acquiring an additional 269,925 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Check Point Software Technologies by 10.6% during 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Check Point Software Technologies by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 849,546 shares of the technology company's stock valued at $158,035,000 after acquiring an additional 27,267 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Roth Capital initiated coverage on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 target price on the stock. Scotiabank lowered their price target on shares of 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. Jefferies Financial Group lifted their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $230.00 to $260.00 in a research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $232.44.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $218.93 on Thursday. Check Point Software Technologies Ltd. has a one year low of $153.88 and a one year high of $234.36. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66. The company's 50-day simple moving average is $220.25 and its two-hundred day simple moving average is $212.13.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $2.04 earnings per share. Equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Check Point Software Technologies Profile

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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