Voloridge Investment Management LLC Sells 95,144 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Voloridge Investment Management LLC reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 81.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,543 shares of the technology company's stock after selling 95,144 shares during the period. Voloridge Investment Management LLC's holdings in Check Point Software Technologies were worth $4,022,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at $428,820,000. Clearbridge Investments LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at $100,456,000. Causeway Capital Management LLC grew its position in Check Point Software Technologies by 33.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock valued at $360,257,000 after acquiring an additional 487,823 shares during the period. Altshuler Shaham Ltd bought a new stake in Check Point Software Technologies in the fourth quarter valued at $73,186,000. Finally, First Trust Advisors LP grew its position in Check Point Software Technologies by 17.4% in the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock valued at $340,314,000 after acquiring an additional 269,925 shares during the period. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Up 0.2%

Shares of NASDAQ CHKP traded up $0.44 during mid-day trading on Thursday, reaching $224.39. 594,962 shares of the company's stock were exchanged, compared to its average volume of 783,841. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 3.41 and a beta of 0.66. The business has a fifty day simple moving average of $219.18 and a 200 day simple moving average of $206.14. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $237.74.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. Check Point Software Technologies's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.04 earnings per share. Equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the topic of a number of analyst reports. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Jefferies Financial Group upped their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Stephens lowered their price target 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. Finally, Arete Research upgraded Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. Sixteen research 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 stock. Based on data from MarketBeat, the company presently 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.