Robeco Institutional Asset Management B.V. Buys 46,713 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Robeco Institutional Asset Management B.V. raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,687,393 shares of the technology company's stock after purchasing an additional 46,713 shares during the period. Check Point Software Technologies accounts for approximately 0.7% of Robeco Institutional Asset Management B.V.'s investment portfolio, making the stock its 22nd biggest position. Robeco Institutional Asset Management B.V. owned approximately 1.53% of Check Point Software Technologies worth $384,591,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Gitterman Wealth Management LLC raised its position in Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after purchasing an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Check Point Software Technologies by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock worth $578,000 after acquiring an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock worth $77,000 after acquiring an additional 55 shares during the period. Argonautica Private Wealth Management Inc. grew its holdings in Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after acquiring an additional 56 shares during the period. Finally, Pinnacle West Asset Management Inc. grew its holdings in Check Point Software Technologies by 5.8% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 1,100 shares of the technology company's stock worth $205,000 after acquiring an additional 60 shares during the period. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock traded down $2.43 during mid-day trading on Friday, hitting $216.45. 622,022 shares of the stock were exchanged, compared to its average volume of 787,403. Check Point Software Technologies Ltd. has a 12 month low of $163.08 and a 12 month high of $234.36. The company has a 50-day simple moving average of $220.36 and a 200 day simple moving average of $212.88. The company has a market capitalization of $23.81 billion, a P/E ratio of 28.56, a P/E/G ratio of 3.09 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its 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. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The firm had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same quarter last year, the firm earned $2.04 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on CHKP shares. Stephens decreased their price target on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Scotiabank decreased 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. Wells Fargo & Company decreased their price target on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Morgan Stanley reduced their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. 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, Check Point Software Technologies presently has an average rating of "Hold" and a consensus price target of $232.44.

Check Point Software Technologies Company 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.