Sumitomo Mitsui Trust Holdings Inc. Sells 15,281 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 225,429 shares of the technology company's stock after selling 15,281 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.19% of Check Point Software Technologies worth $36,973,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CHKP. Allspring Global Investments Holdings LLC increased its holdings in Check Point Software Technologies by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company's stock valued at $15,980,000 after acquiring an additional 7,357 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in Check Point Software Technologies during the 1st quarter valued at $396,000. SteelPeak Wealth LLC purchased a new position in Check Point Software Technologies during the first quarter worth $251,000. Kathmere Capital Management LLC raised its holdings in shares of Check Point Software Technologies by 12.4% in the first quarter. Kathmere Capital Management LLC now owns 1,719 shares of the technology company's stock worth $282,000 after buying an additional 190 shares during the period. Finally, Capital Insight Partners LLC boosted its holdings in Check Point Software Technologies by 13.3% during the 1st quarter. Capital Insight Partners LLC now owns 21,426 shares of the technology company's stock valued at $3,514,000 after acquiring an additional 2,519 shares during the period. Institutional investors own 87.62% of the company's stock.

Check Point Software Technologies Trading Down 0.0 %

CHKP stock traded down $0.05 during mid-day trading on Monday, reaching $169.40. 555,281 shares of the stock traded hands, compared to its average volume of 702,223. The company has a market cap of $19.13 billion, a P/E ratio of 23.53, a P/E/G ratio of 2.67 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $122.86 and a 52-week high of $170.69. The stock's fifty day moving average is $155.63 and its 200-day moving average is $158.27.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The company had revenue of $598.80 million during the quarter, compared to analysts' expectations of $595.28 million. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on CHKP. Barclays upped their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, April 26th. TD Cowen boosted their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an "outperform" rating in a report on Monday, March 18th. Mizuho restated a "neutral" rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, KeyCorp upgraded Check Point Software Technologies to a "hold" rating in a research note on Tuesday, May 14th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of "Hold" and an average price target of $169.18.

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.