Virginia Retirement Systems ET AL Has $26.517 Million Stake in Check Point Software Technologies Ltd. (CHKP)

Virginia Retirement Systems ET AL increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 35.2% during the first quarter, Holdings Channel reports. The fund owned 258,300 shares of the technology company’s stock after buying an additional 67,200 shares during the period. Virginia Retirement Systems ET AL’s holdings in Check Point Software Technologies were worth $26,517,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CHKP. Norges Bank bought a new position in Check Point Software Technologies during the fourth quarter worth $125,283,000. Harding Loevner LP raised its position in Check Point Software Technologies by 31.8% in the first quarter. Harding Loevner LP now owns 5,565,861 shares of the technology company’s stock worth $571,391,000 after buying an additional 1,342,443 shares during the last quarter. Schroder Investment Management Group raised its position in Check Point Software Technologies by 21.2% in the third quarter. Schroder Investment Management Group now owns 5,693,288 shares of the technology company’s stock worth $441,856,000 after buying an additional 996,144 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt raised its position in Check Point Software Technologies by 27.7% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,245,000 shares of the technology company’s stock worth $329,412,000 after buying an additional 920,000 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in Check Point Software Technologies by 359.5% in the third quarter. APG Asset Management N.V. now owns 1,146,135 shares of the technology company’s stock worth $88,952,000 after buying an additional 896,715 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.24% on Friday, reaching $108.43. The company had a trading volume of 871,831 shares. The stock has a market capitalization of $17.90 billion, a PE ratio of 25.14 and a beta of 0.87. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $111.24. The stock has a 50 day moving average price of $104.74 and a 200 day moving average price of $95.29.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.03. The company had revenue of $435.50 million for the quarter, compared to analyst estimates of $432.41 million. Check Point Software Technologies had a net margin of 41.63% and a return on equity of 21.19%. Check Point Software Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.06 EPS. Analysts expect that Check Point Software Technologies Ltd. will post $5.17 EPS for the current year.

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CHKP has been the subject of a number of recent research reports. Vetr upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $103.86 price objective for the company in a research note on Monday, January 23rd. Cleveland Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, April 24th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $115.00 price objective (up previously from $99.00) on shares of Check Point Software Technologies in a research note on Tuesday, January 24th. Evercore ISI reduced their price objective on Check Point Software Technologies from $100.00 to $95.00 and set an “in-line” rating for the company in a research note on Friday, April 28th. Finally, Morgan Stanley upgraded Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $87.00 to $107.00 in a research note on Tuesday, April 18th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $104.35.

About Check Point Software Technologies

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

5 Day Chart for NASDAQ:CHKP

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