Public Employees Retirement Association of Colorado Has $4.73 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Public Employees Retirement Association of Colorado trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,820 shares of the technology company’s stock after selling 900 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Check Point Software Technologies were worth $4,727,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CHKP. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $31,000. Richardson Financial Services Inc. acquired a new stake in Check Point Software Technologies during the 4th quarter worth approximately $33,000. Y.D. More Investments Ltd raised its holdings in Check Point Software Technologies by 37.0% during the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after buying an additional 135 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth approximately $92,000. Finally, Alaska Permanent Fund Corp acquired a new stake in Check Point Software Technologies during the 1st quarter worth approximately $117,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHKP. Susquehanna raised their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday. Jefferies Financial Group raised their price target on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $183.68.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded up $2.20 during mid-day trading on Monday, hitting $184.94. 519,626 shares of the company’s stock traded hands, compared to its average volume of 712,147. The firm has a 50 day simple moving average of $161.86 and a two-hundred day simple moving average of $160.31. Check Point Software Technologies Ltd. has a fifty-two week low of $125.68 and a fifty-two week high of $186.75. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 2.87 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same quarter last year, the firm posted $1.74 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.8 earnings per share for the current fiscal year.

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.