Clal Insurance Enterprises Holdings Ltd Buys 250,000 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPGet Rating) by 161.3% during the fourth quarter, HoldingsChannel reports. The firm owned 405,000 shares of the technology company’s stock after acquiring an additional 250,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Check Point Software Technologies were worth $47,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Check Point Software Technologies by 7.9% during the third quarter. Franklin Resources Inc. now owns 4,054,104 shares of the technology company’s stock worth $458,276,000 after purchasing an additional 298,230 shares during the period. Nordea Investment Management AB raised its position in Check Point Software Technologies by 45.0% in the 4th quarter. Nordea Investment Management AB now owns 2,957,893 shares of the technology company’s stock valued at $345,053,000 after buying an additional 917,993 shares during the last quarter. Altshuler Shaham Ltd raised its position in Check Point Software Technologies by 3.6% in the 3rd quarter. Altshuler Shaham Ltd now owns 2,253,785 shares of the technology company’s stock valued at $293,065,000 after buying an additional 79,109 shares during the last quarter. Acadian Asset Management LLC raised its position in Check Point Software Technologies by 7.1% in the 4th quarter. Acadian Asset Management LLC now owns 2,045,176 shares of the technology company’s stock valued at $238,341,000 after buying an additional 136,035 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Check Point Software Technologies by 11.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,046,728 shares of the technology company’s stock valued at $118,091,000 after buying an additional 107,680 shares during the last quarter. 91.96% of the stock is currently owned by institutional investors.

NASDAQ:CHKP traded up $0.99 during mid-day trading on Friday, hitting $121.60. 6,450 shares of the company traded hands, compared to its average volume of 1,329,788. The stock’s fifty day moving average price is $135.95 and its 200-day moving average price is $125.97. Check Point Software Technologies Ltd. has a one year low of $107.85 and a one year high of $149.62. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). Check Point Software Technologies had a return on equity of 25.35% and a net margin of 36.43%. The company had revenue of $542.70 million for the quarter, compared to the consensus estimate of $535.57 million. During the same period in the previous year, the firm earned $1.39 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 6.21 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Barclays reduced their target price on Check Point Software Technologies from $160.00 to $145.00 in a research note on Thursday, April 28th. Deutsche Bank Aktiengesellschaft upped their target price on Check Point Software Technologies from $154.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, March 17th. Cowen upped their target price on Check Point Software Technologies from $142.00 to $164.00 and gave the company an “outperform” rating in a research report on Thursday, March 10th. Piper Sandler downgraded Check Point Software Technologies from a “neutral” rating to an “underweight” rating and set a $130.00 target price for the company. in a research report on Monday, March 21st. Finally, Wedbush boosted their price target on Check Point Software Technologies from $142.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, April 14th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.29.

Check Point Software Technologies Company Profile (Get Rating)

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.

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

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