PGGM Investments Sells 921 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

PGGM Investments lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,058 shares of the technology company’s stock after selling 921 shares during the period. PGGM Investments’ holdings in Check Point Software Technologies were worth $9,329,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $25,000. CNB Bank bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $27,000. Bruce G. Allen Investments LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at about $30,000. Salem Investment Counselors Inc. boosted its holdings in Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after purchasing an additional 237 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $49,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Down 1.1 %

NASDAQ CHKP traded down $1.75 on Friday, hitting $151.20. The company’s stock had a trading volume of 1,275,556 shares, compared to its average volume of 616,404. Check Point Software Technologies Ltd. has a 1-year low of $117.18 and a 1-year high of $168.82. The company’s 50-day moving average is $161.41 and its 200 day moving average is $153.01. The firm has a market cap of $18.26 billion, a PE ratio of 21.00, a PEG ratio of 2.45 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.30%. The firm had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $595.28 million. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHKP. Wedbush reissued an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday. Susquehanna boosted their target price on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. Barclays boosted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $164.00.

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.