Oregon Public Employees Retirement Fund Lowers Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oregon Public Employees Retirement Fund decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 25.7% during the 1st quarter, Holdings Channel reports. The fund owned 47,784 shares of the technology company’s stock after selling 16,546 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Check Point Software Technologies were worth $10,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Gitterman Wealth Management LLC increased its position in Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Check Point Software Technologies by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock valued at $578,000 after purchasing an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock valued at $77,000 after acquiring an additional 55 shares during the last quarter. 3Chopt Investment Partners LLC boosted its stake in Check Point Software Technologies by 0.3% during the 1st quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company’s stock valued at $4,461,000 after acquiring an additional 56 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Check Point Software Technologies by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,661 shares of the technology company’s stock valued at $2,737,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $219.39 on Thursday. The firm’s 50 day simple moving average is $221.12 and its 200-day simple moving average is $213.21. The company has a market cap of $24.13 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 3.16 and a beta of 0.64. Check Point Software Technologies Ltd. has a fifty-two week low of $166.56 and a fifty-two week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. The business had revenue of $637.80 million during the quarter, compared to analysts’ expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $2.04 earnings per share. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHKP. Wedbush restated an “outperform” rating and issued a $240.00 price target on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Mizuho lifted their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Scotiabank lowered their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 24th. Stephens lowered their target price on shares of Check Point Software Technologies from $255.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Sixteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $232.44.

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.