Worldquant Millennium Advisors LLC Has $7.91 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Worldquant Millennium Advisors LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 9.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,035 shares of the technology company's stock after selling 4,474 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Check Point Software Technologies were worth $7,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in Check Point Software Technologies by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company's stock worth $912,070,000 after buying an additional 114,938 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock worth $677,869,000 after purchasing an additional 391,983 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Check Point Software Technologies by 1.1% in the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company's stock worth $595,450,000 after purchasing an additional 39,092 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Finally, FMR LLC lifted its position in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock worth $218,488,000 after purchasing an additional 252,581 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded down $1.23 on Friday, reaching $186.82. The company had a trading volume of 466,738 shares, compared to its average volume of 614,080. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 3.25 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $143.28 and a fifty-two week high of $210.70. The business has a 50 day moving average of $188.46 and a two-hundred day moving average of $179.47.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to analysts' expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CHKP. Wedbush raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of 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. Robert W. Baird cut their target price on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $197.74.

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.