Natixis Advisors L.P. Sells 1,525 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Natixis Advisors L.P. reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,632 shares of the technology company’s stock after selling 1,525 shares during the period. Natixis Advisors L.P.’s holdings in Check Point Software Technologies were worth $6,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 valued at $579,517,000 after purchasing an additional 69,441 shares during the last quarter. Nordea Investment Management AB boosted its position 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 valued at $365,851,000 after buying an additional 7,493 shares during the last quarter. Legal & General Group Plc grew its holdings in Check Point Software Technologies by 3.4% during the third quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company’s stock worth $216,822,000 after buying an additional 52,863 shares in the last quarter. Ariel Investments LLC raised its position in Check Point Software Technologies by 121.2% in the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock valued at $144,391,000 after buying an additional 593,623 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Check Point Software Technologies by 14.6% during the 3rd quarter. Northern Trust Corp now owns 792,699 shares of the technology company’s stock valued at $105,651,000 after acquiring an additional 101,019 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 1.6 %

CHKP opened at $152.38 on Friday. The company has a 50 day moving average of $159.94 and a 200 day moving average of $153.90. Check Point Software Technologies Ltd. has a 12 month low of $118.21 and a 12 month high of $168.82. The company has a market cap of $18.40 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.46 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results 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 return on equity of 31.42% and a net margin of 34.33%. The firm had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Susquehanna upped their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, February 7th. Barclays lifted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Mizuho reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Finally, Truist Financial increased their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.18.

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.