Diversified Trust Co Decreases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Diversified Trust Co lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,838 shares of the technology company’s stock after selling 609 shares during the quarter. Diversified Trust Co’s holdings in Check Point Software Technologies were worth $2,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ariel Investments LLC lifted its position in shares of Check Point Software Technologies by 121.2% during the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after buying an additional 593,623 shares during the last quarter. Morningstar Investment Services LLC boosted its stake in Check Point Software Technologies by 98.5% in the fourth quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock valued at $148,080,000 after acquiring an additional 481,626 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Check Point Software Technologies by 248.8% during the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after purchasing an additional 218,403 shares during the last quarter. Norges Bank acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $29,801,000. Finally, Boston Partners lifted its holdings in shares of Check Point Software Technologies by 5.0% in the 4th quarter. Boston Partners now owns 3,204,519 shares of the technology company’s stock valued at $489,700,000 after purchasing an additional 151,657 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, April 26th. Wedbush restated an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research report on Friday, April 26th. KeyCorp upgraded shares of Check Point Software Technologies to a “hold” rating in a research report on Tuesday, May 14th. Mizuho reissued a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Finally, Barclays upped their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $165.00 on Tuesday. Check Point Software Technologies Ltd. has a one year low of $122.86 and a one year high of $168.82. The firm has a market capitalization of $18.63 billion, a P/E ratio of 22.92, a PEG ratio of 2.60 and a beta of 0.62. The company’s fifty day moving average is $154.15 and its two-hundred day moving average is $157.44.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The firm had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $595.28 million. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.