Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,663 shares of the technology company’s stock after selling 663 shares during the period. Inspire Investing LLC’s holdings in Check Point Software Technologies were worth $1,804,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its stake in Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares in the last quarter. FMR LLC increased its holdings in shares of Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Check Point Software Technologies by 8.9% during the third quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock worth $57,563,000 after purchasing an additional 24,421 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Check Point Software Technologies in the second quarter worth $47,244,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $194.28 on Thursday. The firm’s 50-day moving average is $184.82 and its 200-day moving average is $186.21. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $210.70. The company has a market cap of $21.37 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 3.03 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the prior year, the firm posted $1.80 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Wedbush boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Barclays decreased their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, Piper Sandler upped their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Seventeen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $203.05.

Check Point Software Technologies 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.