Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Holdings Increased by World Investment Advisors

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

A number of other hedge funds and other institutional investors have also made changes to their positions in CHKP. Norges Bank acquired a new position in Check Point Software Technologies in the 4th quarter valued at $428,820,000. Bessemer Group Inc. raised its stake in Check Point Software Technologies by 5,396.1% in the 1st quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company's stock valued at $150,081,000 after purchasing an additional 646,504 shares during the last quarter. Clearbridge Investments LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at $100,456,000. Causeway Capital Management LLC raised its stake in Check Point Software Technologies by 33.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock valued at $360,257,000 after purchasing an additional 487,823 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in Check Point Software Technologies in the 4th quarter valued at $73,186,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of recent research reports. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Stephens cut their target price on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company cut their target price on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wedbush reaffirmed an "outperform" rating and issued a $240.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Finally, Compass Point set a $260.00 target price on Check Point Software Technologies in a research note on Thursday, March 27th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $232.44.

Check Point Software Technologies Trading Up 2.0%

NASDAQ CHKP traded up $4.51 during mid-day trading on Wednesday, reaching $230.70. 529,989 shares of the company's stock traded hands, compared to its average volume of 785,680. The company has a market cap of $25.37 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 3.19 and a beta of 0.64. The company has a fifty day simple moving average of $222.18 and a 200-day simple moving average of $214.43. Check Point Software Technologies Ltd. has a 1-year low of $167.88 and a 1-year high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued 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. The company had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 EPS. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.