PGGM Investments Has $9.33 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

PGGM Investments reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% during the 4th quarter, according to the company in 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 quarter. PGGM Investments owned 0.05% of Check Point Software Technologies worth $9,329,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised 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 period. Nordea Investment Management AB increased its stake in shares of Check Point Software Technologies by 0.3% in the third quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock worth $365,851,000 after acquiring an additional 7,493 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Check Point Software Technologies by 3.4% in the third quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company’s stock worth $216,822,000 after acquiring an additional 52,863 shares during the last quarter. Ariel Investments LLC increased its stake in shares of Check Point Software Technologies by 121.2% in the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after acquiring an additional 593,623 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Check Point Software Technologies by 14.6% in the third quarter. Northern Trust Corp now owns 792,699 shares of the technology company’s stock worth $105,651,000 after acquiring an additional 101,019 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 7th. UBS Group upped their price target on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Stifel Nicolaus dropped their price target on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Friday. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Friday. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average target price of $164.00.

Check Point Software Technologies Stock Performance

Shares of CHKP traded down $1.75 during trading hours on Friday, reaching $151.20. 1,275,556 shares of the company traded hands, compared to its average volume of 616,404. The stock’s fifty day moving average is $161.41 and its 200 day moving average is $153.01. The stock has a market cap of $18.26 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1-year low of $117.18 and a 1-year high of $168.82.

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

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.