Robeco Institutional Asset Management B.V. Sells 370,557 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 962,753 shares of the technology company's stock after selling 370,557 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.82% of Check Point Software Technologies worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new stake in Check Point Software Technologies during the fourth quarter valued at $30,000. Salem Investment Counselors Inc. boosted its position in Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company's stock valued at $44,000 after purchasing an additional 237 shares during the last quarter. Allworth Financial LP boosted its position in Check Point Software Technologies by 305.5% during the third quarter. Allworth Financial LP now owns 369 shares of the technology company's stock valued at $49,000 after purchasing an additional 278 shares during the last quarter. Operose Advisors LLC acquired a new stake in Check Point Software Technologies during the third quarter valued at $55,000. Finally, Y.D. More Investments Ltd raised its holdings in Check Point Software Technologies by 37.0% during the fourth quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company's stock valued at $76,000 after buying an additional 135 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded down $0.02 on Thursday, reaching $153.50. The company had a trading volume of 490,620 shares, compared to its average volume of 713,058. The company's fifty day moving average is $158.23 and its 200-day moving average is $155.11. Check Point Software Technologies Ltd. has a 1-year low of $121.85 and a 1-year high of $168.82. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.39 and a beta of 0.64.

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

Analyst Upgrades and Downgrades

CHKP has been the topic of several recent research reports. BMO Capital Markets raised their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, February 7th. Stifel Nicolaus dropped their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a "hold" rating on the stock in a research note on Friday, April 26th. Wedbush reaffirmed an "outperform" rating and set a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, April 26th. Wells Fargo & Company boosted 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 report on Monday, January 29th. Finally, KeyCorp upgraded shares of Check Point Software Technologies to a "hold" rating in a research report on Tuesday, May 14th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $169.18.

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.