Northern Trust Corp Has $149.74 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Northern Trust Corp grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 43.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 802,042 shares of the technology company’s stock after purchasing an additional 243,658 shares during the period. Northern Trust Corp’s holdings in Check Point Software Technologies were worth $149,741,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. World Investment Advisors boosted its position in Check Point Software Technologies by 4.4% during the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company’s stock valued at $5,609,000 after acquiring an additional 1,278 shares during the last quarter. Crux Wealth Advisors bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $542,000. Truist Financial Corp grew its stake in Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after purchasing an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in Check Point Software Technologies by 99.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after purchasing an additional 2,478 shares in the last quarter. Finally, Hickory Asset Management Inc. acquired a new position in Check Point Software Technologies in the fourth quarter valued at approximately $476,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $217.55 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36. The stock has a market cap of $23.93 billion, a P/E ratio of 29.12, a PEG ratio of 3.41 and a beta of 0.62. The firm’s fifty day moving average price is $220.18 and its 200-day moving average price is $202.30.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm had revenue of $637.80 million for the quarter, compared to analysts’ expectations of $635.80 million. During the same quarter last year, the firm posted $2.04 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CHKP. StockNews.com lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Wedbush reiterated an “outperform” rating and set a $240.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 24th. Citigroup increased their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Susquehanna upped their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Finally, Compass Point set a $260.00 price objective on Check Point Software Technologies in a research note on Thursday, March 27th. Eighteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $232.04.

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.