Ninety One UK Ltd Has $547.32 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ninety One UK Ltd decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,582,189 shares of the technology company's stock after selling 5,611 shares during the period. Check Point Software Technologies comprises approximately 1.6% of Ninety One UK Ltd's holdings, making the stock its 19th biggest holding. Ninety One UK Ltd owned about 3.06% of Check Point Software Technologies worth $547,323,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at about $30,000. CNB Bank acquired a new stake in Check Point Software Technologies during the third quarter valued at approximately $27,000. Resurgent Financial Advisors LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $28,000. Finally, Salem Investment Counselors Inc. raised its position in shares of Check Point Software Technologies by 483.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company's stock valued at $44,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded up $0.29 during trading hours on Thursday, hitting $158.38. 616,014 shares of the company's stock traded hands, compared to its average volume of 709,627. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The stock's fifty day moving average price is $162.32 and its two-hundred day moving average price is $151.90. The firm has a market cap of $19.13 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.54 and a beta of 0.61.

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

Analysts Set New Price Targets

CHKP has been the topic of a number of research reports. Wedbush reissued an "outperform" rating and set a $185.00 target price on shares of Check Point Software Technologies in a report on Wednesday, April 10th. Truist Financial boosted their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Mizuho reiterated a "neutral" rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. William Blair raised shares of Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research note on Wednesday, January 31st. Finally, Susquehanna boosted their target price on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a "positive" rating in a report on Wednesday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $160.16.

Check Point Software Technologies 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.