Teacher Retirement System of Texas Sells 41,135 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Teacher Retirement System of Texas trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 41.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,561 shares of the technology company's stock after selling 41,135 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Check Point Software Technologies worth $13,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CHKP. Metis Global Partners LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $282,000. Smartleaf Asset Management LLC lifted its holdings in Check Point Software Technologies by 129.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 462 shares of the technology company's stock valued at $87,000 after buying an additional 261 shares during the period. Atria Investments Inc raised its holdings in Check Point Software Technologies by 6.6% in the fourth quarter. Atria Investments Inc now owns 31,090 shares of the technology company's stock worth $5,805,000 after purchasing an additional 1,923 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter worth $13,838,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $38,558,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Up 1.9%

Shares of NASDAQ:CHKP opened at $223.58 on Friday. The firm has a market cap of $24.59 billion, a P/E ratio of 29.50, a P/E/G ratio of 3.20 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12-month low of $166.56 and a 12-month high of $234.36. The business has a fifty day simple moving average of $221.75 and a 200 day simple moving average of $213.69.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The business had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same period last year, the company earned $2.04 EPS. Check Point Software Technologies's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CHKP shares. Roth Capital started coverage on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target for the company. BMO Capital Markets restated an "outperform" rating and set a $250.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Morgan Stanley reduced their target price on shares of 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. Scotiabank reduced their price objective on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Finally, Bank of America raised Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $230.00 to $260.00 in a research report on Thursday, March 27th. Sixteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has an average rating of "Hold" and an average target price 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.

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