Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,089 shares of the technology company’s stock after purchasing an additional 1,525 shares during the quarter. Teacher Retirement System of Texas’ holdings in Check Point Software Technologies were worth $5,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in shares of Check Point Software Technologies by 5.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,467 shares of the technology company’s stock worth $2,461,000 after acquiring an additional 872 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Check Point Software Technologies by 5.9% during the third quarter. Mackenzie Financial Corp now owns 13,818 shares of the technology company’s stock worth $1,835,000 after purchasing an additional 773 shares during the period. Advisor Partners II LLC boosted its holdings in shares of Check Point Software Technologies by 37.4% in the 3rd quarter. Advisor Partners II LLC now owns 2,368 shares of the technology company’s stock valued at $316,000 after buying an additional 644 shares during the period. Park Avenue Securities LLC acquired a new stake in Check Point Software Technologies during the third quarter worth about $700,000. Finally, TIAA Trust National Association acquired a new stake in Check Point Software Technologies during the third quarter worth about $245,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $150.03 on Tuesday. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.46 and a beta of 0.64. Check Point Software Technologies Ltd. has a 1 year low of $118.21 and a 1 year high of $168.82. The firm’s 50 day moving average price is $159.81 and its two-hundred day moving average price is $154.30.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last announced its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (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 company had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CHKP shares. Barclays increased their price target on 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. Wells Fargo & Company upped their price target 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. Wedbush reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, April 26th. Scotiabank upped their target price on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. Finally, William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $169.18.

Get Our Latest Stock Analysis on Check Point Software Technologies

About Check Point Software Technologies

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report).

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.