Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,082 shares of the technology company’s stock after buying an additional 7,811 shares during the period. Teacher Retirement System of Texas owned about 0.05% of Check Point Software Technologies worth $8,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Trustcore Financial Services LLC raised its holdings in Check Point Software Technologies by 4.1% during the 4th quarter. Trustcore Financial Services LLC now owns 2,187 shares of the technology company’s stock worth $291,000 after buying an additional 87 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Check Point Software Technologies by 65.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 248 shares of the technology company’s stock worth $33,000 after buying an additional 98 shares during the period. Baldwin Brothers Inc. MA raised its holdings in Check Point Software Technologies by 16.5% during the 1st quarter. Baldwin Brothers Inc. MA now owns 827 shares of the technology company’s stock worth $93,000 after buying an additional 117 shares during the period. Pzena Investment Management LLC raised its holdings in Check Point Software Technologies by 2.5% during the 4th quarter. Pzena Investment Management LLC now owns 4,890 shares of the technology company’s stock worth $650,000 after buying an additional 118 shares during the period. Finally, Condor Capital Management raised its holdings in Check Point Software Technologies by 0.4% during the 1st quarter. Condor Capital Management now owns 26,857 shares of the technology company’s stock worth $3,007,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 68.89% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Cowen assumed coverage on Check Point Software Technologies in a report on Wednesday, May 26th. They issued an “outperform” rating and a $140.00 target price on the stock. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $121.00 target price on the stock in a report on Tuesday, April 6th. BMO Capital Markets dropped their target price on Check Point Software Technologies from $140.00 to $135.00 and set a “market perform” rating on the stock in a report on Tuesday, April 27th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Check Point Software Technologies in a report on Thursday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $131.53.

Shares of CHKP opened at $120.25 on Friday. The company has a market cap of $16.49 billion, a P/E ratio of 19.78, a PEG ratio of 2.68 and a beta of 0.64. Check Point Software Technologies Ltd. has a one year low of $103.43 and a one year high of $139.26. The stock has a fifty day moving average price of $117.87.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Sunday, April 25th. The technology company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.50 by $0.04. The firm had revenue of $507.60 million for the quarter, compared to the consensus estimate of $502.92 million. Check Point Software Technologies had a net margin of 40.79% and a return on equity of 25.69%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. Research analysts forecast that Check Point Software Technologies Ltd. will post 6.02 earnings per share for the current fiscal year.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile; Check Point Network Security, security gateways and software platforms that support small business and large enterprise data center and telco-grade environment; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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