World Investment Advisors Purchases 1,849 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

World Investment Advisors increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,890 shares of the technology company's stock after buying an additional 1,849 shares during the period. World Investment Advisors' holdings in Check Point Software Technologies were worth $7,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Check Point Software Technologies in the fourth quarter valued at approximately $428,820,000. Causeway Capital Management LLC increased its stake 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 last quarter. First Trust Advisors LP increased its stake 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 last quarter. Robeco Institutional Asset Management B.V. increased its stake in Check Point Software Technologies by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock valued at $384,591,000 after acquiring an additional 46,713 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Check Point Software Technologies by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company's stock valued at $266,930,000 after acquiring an additional 136,699 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $4.19 during trading on Friday, hitting $223.58. 304,434 shares of the company traded hands, compared to its average volume of 785,871. The business's fifty day moving average is $221.75 and its 200 day moving average is $213.92. Check Point Software Technologies Ltd. has a fifty-two week low of $167.54 and a fifty-two week high of $234.36. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 3.20 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data 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 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 analyst estimates of $635.80 million. During the same quarter in the prior year, the business earned $2.04 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CHKP shares. Morgan Stanley decreased their price objective on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. Scotiabank decreased their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Sixteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock 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.