Robeco Institutional Asset Management B.V. Lowers Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Robeco Institutional Asset Management B.V. trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640,680 shares of the technology company’s stock after selling 196,119 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 1.49% of Check Point Software Technologies worth $306,315,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CHKP. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC boosted its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies during the third quarter valued at $33,000. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $37,000. Finally, Exchange Traded Concepts LLC lifted its stake in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $202.94 on Wednesday. The business’s 50-day moving average is $186.09 and its 200 day moving average is $186.88. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The firm has a market capitalization of $22.32 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. On average, analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHKP. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 24th. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Eighteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $203.05.

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.