New York State Common Retirement Fund Increases Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

New York State Common Retirement Fund increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 298,547 shares of the technology company's stock after acquiring an additional 24,421 shares during the period. New York State Common Retirement Fund owned about 0.26% of Check Point Software Technologies worth $57,563,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA raised its holdings in shares of Check Point Software Technologies by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company's stock valued at $912,070,000 after purchasing an additional 114,938 shares during the period. Acadian Asset Management LLC raised its stake in Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock valued at $677,869,000 after acquiring an additional 391,983 shares during the period. Boston Partners raised its stake in Check Point Software Technologies by 13.1% in the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company's stock valued at $594,169,000 after acquiring an additional 419,404 shares during the period. Ninety One UK Ltd boosted its holdings in shares of Check Point Software Technologies by 1.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company's stock worth $595,450,000 after buying an additional 39,092 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Check Point Software Technologies by 3.0% during the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company's stock worth $440,266,000 after acquiring an additional 77,849 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHKP has been the subject of a number of research reports. Truist Financial lifted their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. BMO Capital Markets lifted their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies Trading Down 1.6 %

Shares of CHKP stock traded down $2.71 during trading on Friday, reaching $170.50. 860,178 shares of the company's stock traded hands, compared to its average volume of 694,497. The firm's 50-day moving average is $194.47 and its 200 day moving average is $174.87. The company has a market capitalization of $18.75 billion, a P/E ratio of 23.29, a PEG ratio of 2.71 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $134.72 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $634.96 million. During the same period last year, the company earned $1.80 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.84 earnings per share for the current fiscal 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.