BNP Paribas Financial Markets Lowers Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

BNP Paribas Financial Markets trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 22.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,331 shares of the technology company's stock after selling 25,614 shares during the period. BNP Paribas Financial Markets owned 0.07% of Check Point Software Technologies worth $13,191,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CHKP. Teacher Retirement System of Texas increased its position in Check Point Software Technologies by 4.5% in the fourth quarter. Teacher Retirement System of Texas now owns 35,089 shares of the technology company's stock worth $5,361,000 after buying an additional 1,525 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at approximately $3,338,000. Breed s Hill Capital LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $264,000. Simmons Bank raised its stake in Check Point Software Technologies by 13.5% during the 4th quarter. Simmons Bank now owns 22,698 shares of the technology company's stock worth $3,468,000 after acquiring an additional 2,691 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Check Point Software Technologies by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,799 shares of the technology company's stock valued at $21,665,000 after purchasing an additional 7,417 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of CHKP traded up $2.10 during midday trading on Thursday, hitting $151.10. The stock had a trading volume of 821,617 shares, compared to its average volume of 720,539. The stock's 50 day moving average is $159.28 and its 200 day moving average is $154.51. The firm has a market cap of $17.06 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. Check Point Software Technologies Ltd. has a 1 year low of $118.21 and a 1 year high of $168.82.

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

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. 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 research report on Wednesday, February 7th. Scotiabank upped their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, February 7th. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research report on Friday, April 26th. Finally, William Blair upgraded Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $169.18.

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.