Northern Trust Corp Has $149.74 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Northern Trust Corp increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 43.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802,042 shares of the technology company's stock after acquiring an additional 243,658 shares during the period. Northern Trust Corp owned approximately 0.73% of Check Point Software Technologies worth $149,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth approximately $25,000. GAMMA Investing LLC lifted its holdings in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth about $35,000. Finally, Quarry LP lifted its stake in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Ratings Changes

CHKP has been the topic of a number of research analyst reports. Barclays lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley cut their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Price Performance

Shares of CHKP traded up $2.61 during mid-day trading on Monday, reaching $220.16. The company had a trading volume of 729,212 shares, compared to its average volume of 775,877. The company's 50-day moving average is $220.17 and its 200-day moving average is $202.34. The company has a market capitalization of $24.21 billion, a P/E ratio of 29.47, a P/E/G ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The company had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. During the same period last year, the business earned $2.04 earnings per share. The business's revenue was up 6.5% on a year-over-year basis. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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.