Triodos Investment Management BV Sells 6,500 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Triodos Investment Management BV reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,238 shares of the technology company's stock after selling 6,500 shares during the quarter. Check Point Software Technologies comprises 3.2% of Triodos Investment Management BV's holdings, making the stock its 11th largest holding. Triodos Investment Management BV owned about 0.18% of Check Point Software Technologies worth $32,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. BSW Wealth Partners lifted its stake in shares of Check Point Software Technologies by 3.7% in the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company's stock valued at $330,000 after purchasing an additional 78 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Check Point Software Technologies by 6.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company's stock worth $211,000 after buying an additional 89 shares in the last quarter. Dark Forest Capital Management LP grew its position in shares of Check Point Software Technologies by 2.1% during the 3rd quarter. Dark Forest Capital Management LP now owns 5,126 shares of the technology company's stock worth $683,000 after buying an additional 103 shares during the period. Brookstone Capital Management increased its stake in Check Point Software Technologies by 1.7% in the fourth quarter. Brookstone Capital Management now owns 6,175 shares of the technology company's stock valued at $943,000 after purchasing an additional 103 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its position in Check Point Software Technologies by 8.4% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 1,386 shares of the technology company's stock valued at $185,000 after buying an additional 107 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CHKP shares. TD Cowen boosted their price objective 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. Susquehanna lifted their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a "positive" rating in a report on Wednesday, February 7th. Mizuho restated a "neutral" rating and issued a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Friday, April 26th. Finally, BMO Capital Markets boosted 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. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $169.18.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded down $1.12 during trading hours on Tuesday, reaching $148.91. The stock had a trading volume of 1,175,700 shares, compared to its average volume of 720,361. The stock has a market cap of $16.81 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.64. The stock has a 50 day simple moving average of $159.63 and a 200 day simple moving average of $154.43. Check Point Software Technologies Ltd. has a 12-month low of $118.21 and a 12-month high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. The company had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

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.

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