New York State Common Retirement Fund Lowers Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

New York State Common Retirement Fund decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,251 shares of the technology company's stock after selling 10,031 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of Check Point Software Technologies worth $41,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHKP. Acadian Asset Management LLC increased its position in shares of Check Point Software Technologies by 1.6% during the third quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company's stock worth $579,517,000 after buying an additional 69,441 shares during the period. Nordea Investment Management AB grew its stake in Check Point Software Technologies by 0.3% during the third 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 during the period. Legal & General Group Plc increased its holdings in Check Point Software Technologies by 3.4% in the third quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company's stock worth $216,822,000 after purchasing an additional 52,863 shares in the last quarter. Ariel Investments LLC lifted its stake in Check Point Software Technologies by 121.2% in the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company's stock valued at $144,391,000 after buying an additional 593,623 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Check Point Software Technologies by 14.6% during the 3rd quarter. Northern Trust Corp now owns 792,699 shares of the technology company's stock worth $105,651,000 after buying an additional 101,019 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Trading Down 5.0 %

Shares of CHKP stock traded down $8.05 during trading hours on Thursday, reaching $152.95. The stock had a trading volume of 1,549,750 shares, compared to its average volume of 725,586. The stock's fifty day simple moving average is $161.87 and its 200 day simple moving average is $152.78. The firm has a market capitalization of $18.47 billion, a PE ratio of 22.61, a PEG ratio of 2.61 and a beta of 0.61. Check Point Software Technologies Ltd. has a 12 month low of $117.18 and a 12 month high of $168.82.

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

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of research reports. UBS Group boosted their target price on shares of 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. Royal Bank of Canada boosted their target price on Check Point Software Technologies from $159.00 to $165.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 7th. Citigroup increased their price target on Check Point Software Technologies from $140.00 to $155.00 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. Truist Financial boosted their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company increased their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $160.16.

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.