30,864 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,864 shares of the technology company's stock, valued at approximately $47,160,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp lifted its stake in shares of Check Point Software Technologies by 248.8% in the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company's stock valued at $46,784,000 after purchasing an additional 218,403 shares during the period. Trust Point Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $361,000. DAVENPORT & Co LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $240,000. Donald L. Hagan LLC increased its stake in Check Point Software Technologies by 14.8% during the fourth quarter. Donald L. Hagan LLC now owns 3,092 shares of the technology company's stock valued at $472,000 after purchasing an additional 399 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter worth about $592,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.2 %

NASDAQ CHKP traded down $0.25 during trading hours on Monday, reaching $164.14. The company's stock had a trading volume of 421,971 shares, compared to its average volume of 724,341. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.66 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1 year low of $117.18 and a 1 year high of $168.82. The firm's 50-day moving average price is $162.34 and its 200-day moving average price is $150.52.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group increased their price target on Check Point Software Technologies from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, January 10th. Mizuho reaffirmed a "neutral" rating and issued a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. BMO Capital Markets lifted their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, February 7th. Citigroup boosted their price target on Check Point Software Technologies from $140.00 to $155.00 and gave the company a "neutral" rating in a research note on Wednesday, January 10th. Finally, Wells Fargo & Company raised their price objective on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.