Westwood Global Investments LLC Acquires 104,082 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Westwood Global Investments LLC lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 798,024 shares of the technology company's stock after buying an additional 104,082 shares during the period. Check Point Software Technologies comprises 5.4% of Westwood Global Investments LLC's portfolio, making the stock its 8th largest holding. Westwood Global Investments LLC owned about 0.68% of Check Point Software Technologies worth $121,930,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CHKP. Assenagon Asset Management S.A. lifted its holdings in shares of Check Point Software Technologies by 52.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company's stock valued at $8,508,000 after buying an additional 19,111 shares during the period. Prime Capital Investment Advisors LLC bought a new position in Check Point Software Technologies in the fourth quarter valued at about $1,505,000. Unique Wealth Strategies LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth about $1,005,000. Tritonpoint Wealth LLC bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $2,586,000. Finally, Heritage Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $904,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Check Point Software Technologies from $170.00 to $165.00 and set a "hold" rating on the stock in a report on Friday, April 26th. Scotiabank boosted their price objective on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the company a "sector outperform" rating in a research report on Wednesday, February 7th. Wedbush reaffirmed an "outperform" rating and issued a $185.00 target price on shares of Check Point Software Technologies in a report on Friday, April 26th. Barclays boosted their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, April 26th. Finally, BMO Capital Markets raised their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 7th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $169.18.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded up $0.03 during trading on Friday, reaching $151.13. 608,751 shares of the stock traded hands, compared to its average volume of 761,500. The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.45 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $118.21 and a 52-week high of $168.82. The business has a fifty day simple moving average of $158.95 and a two-hundred day simple moving average of $154.78.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. The business had revenue of $598.80 million during the quarter, compared to analysts' expectations 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, research analysts predict that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

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.