Sequoia Financial Advisors LLC Boosts Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sequoia Financial Advisors LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,842 shares of the technology company’s stock after purchasing an additional 653 shares during the period. Sequoia Financial Advisors LLC’s holdings in Check Point Software Technologies were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHKP. BlackRock Inc. raised its holdings in shares of Check Point Software Technologies by 2.1% during the first quarter. BlackRock Inc. now owns 5,951,005 shares of the technology company’s stock valued at $773,631,000 after acquiring an additional 121,686 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Check Point Software Technologies by 1.6% during the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company’s stock worth $579,517,000 after purchasing an additional 69,441 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Check Point Software Technologies by 0.3% during the third quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock worth $365,851,000 after buying an additional 7,493 shares in the last quarter. Legal & General Group Plc raised its position in shares of Check Point Software Technologies by 9.7% in the fourth quarter. Legal & General Group Plc now owns 2,236,028 shares of the technology company’s stock valued at $282,097,000 after buying an additional 197,179 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Check Point Software Technologies by 138.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,505,958 shares of the technology company’s stock worth $195,775,000 after buying an additional 875,580 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 2.5 %

Shares of NASDAQ CHKP opened at $157.63 on Tuesday. The stock has a fifty day simple moving average of $162.56 and a 200-day simple moving average of $151.69. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The stock has a market capitalization of $19.04 billion, a PE ratio of 22.14, a PEG ratio of 2.62 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. The company had revenue of $663.50 million during the quarter, compared to the consensus estimate of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Check Point Software Technologies’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 EPS. On average, equities analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. BMO Capital Markets increased their price target 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. Wells Fargo & Company boosted their price objective on 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. TD Cowen lifted their price target on Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Finally, Citigroup upped their price objective on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average price target of $159.70.

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.