OMERS ADMINISTRATION Corp Trims Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

OMERS ADMINISTRATION Corp decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,749 shares of the technology company's stock after selling 3,250 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Check Point Software Technologies were worth $4,247,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth $25,000. GAMMA Investing LLC raised its holdings in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Strategic Financial Concepts LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Finally, Quarry LP grew its position in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 0.4%

CHKP stock traded up $0.89 during trading on Monday, hitting $219.57. The company had a trading volume of 129,262 shares, compared to its average volume of 777,174. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The business has a 50-day moving average of $219.41 and a 200-day moving average of $203.75. The stock has a market cap of $24.15 billion, a PE ratio of 29.40, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same period last year, the firm posted $2.04 EPS. The business's revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Truist Financial restated a "buy" rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Susquehanna lifted their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Finally, Wedbush reissued an "outperform" rating and set a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $232.04.

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.