Mirae Asset Global Investments Co. Ltd. Has $39.83 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,705 shares of the technology company's stock after selling 16,623 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.22% of Check Point Software Technologies worth $39,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Check Point Software Technologies by 2.1% during the 1st quarter. BlackRock Inc. now owns 5,951,005 shares of the technology company's stock worth $773,631,000 after purchasing an additional 121,686 shares in the last quarter. Acadian Asset Management LLC increased its position in Check Point Software Technologies by 1.6% during the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company's stock worth $579,517,000 after purchasing an additional 69,441 shares in the last quarter. Nordea Investment Management AB increased its position in Check Point Software Technologies by 0.3% during the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company's stock worth $365,851,000 after purchasing an additional 7,493 shares in the last quarter. Legal & General Group Plc increased its position in Check Point Software Technologies by 9.7% during the 4th quarter. Legal & General Group Plc now owns 2,236,028 shares of the technology company's stock worth $282,097,000 after purchasing an additional 197,179 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Check Point Software Technologies by 138.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,505,958 shares of the technology company's stock worth $195,775,000 after purchasing an additional 875,580 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Check Point Software Technologies Stock Up 1.0 %

Shares of CHKP traded up $1.65 during trading on Friday, reaching $164.39. The company's stock had a trading volume of 468,580 shares, compared to its average volume of 566,362. The company has a fifty day moving average of $162.34 and a two-hundred day moving average of $150.52. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The company has a market cap of $19.85 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.66 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. The company had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Check Point Software Technologies's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.23 EPS. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wedbush lifted their price objective on Check Point Software Technologies from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. BMO Capital Markets lifted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, February 7th. Mizuho restated a "neutral" rating and issued a $160.00 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. TD Cowen lifted their price target on Check Point Software Technologies from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Monday, March 18th. Finally, UBS Group lifted their price target on Check Point Software Technologies from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, January 10th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and a consensus target price of $159.70.

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.