USS Investment Management Ltd Boosts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

USS Investment Management Ltd grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,720 shares of the technology company's stock after buying an additional 1,472 shares during the quarter. USS Investment Management Ltd's holdings in Check Point Software Technologies were worth $3,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHKP. Barclays PLC increased its position in Check Point Software Technologies by 6.0% in the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock worth $15,507,000 after buying an additional 4,522 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $201,000. Ballentine Partners LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $223,000. Beaumont Financial Advisors LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $268,000. Finally, SG Americas Securities LLC boosted its stake in shares of Check Point Software Technologies by 12.9% in the fourth quarter. SG Americas Securities LLC now owns 69,242 shares of the technology company's stock worth $12,927,000 after acquiring an additional 7,927 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 0.0%

Shares of NASDAQ CHKP traded up $0.09 during trading on Thursday, reaching $224.04. 166,597 shares of the company traded hands, compared to its average volume of 781,417. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $237.74. The firm's fifty day simple moving average is $219.18 and its 200 day simple moving average is $206.14. The stock has a market cap of $24.64 billion, a P/E ratio of 29.96, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same quarter in the previous year, the business 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, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CHKP shares. Mizuho upped their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Roth Capital started coverage on Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price target for the company. Compass Point set a $260.00 price target on Check Point Software Technologies in a research note on Thursday, March 27th. Finally, Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of "Hold" and a consensus target price 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.