Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Trimmed by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 42.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 453,974 shares of the technology company's stock after selling 340,564 shares during the period. Voya Investment Management LLC owned about 0.41% of Check Point Software Technologies worth $84,757,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its holdings in Check Point Software Technologies by 6.0% in the 3rd quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after buying an additional 4,522 shares during the period. Anchor Investment Management LLC increased its position in Check Point Software Technologies by 8.2% during the third quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company's stock worth $1,154,000 after purchasing an additional 455 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $5,546,000. Wilmington Savings Fund Society FSB acquired a new stake in Check Point Software Technologies during the third quarter worth about $187,000. Finally, Tidal Investments LLC lifted its stake in shares of Check Point Software Technologies by 3.1% during the third quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock worth $7,845,000 after purchasing an additional 1,224 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 2.8 %

CHKP stock traded up $5.86 during trading hours on Monday, hitting $212.41. 1,002,564 shares of the stock traded hands, compared to its average volume of 774,440. The stock has a 50-day simple moving average of $220.45 and a 200 day simple moving average of $201.96. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The company has a market cap of $23.36 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. The firm had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 earnings per share. Analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price target on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday. Morgan Stanley lowered their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wedbush reissued an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday. Finally, Jefferies Financial Group upped their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $232.04.

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.