Nuveen Asset Management LLC Acquires 66,078 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Nuveen Asset Management LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 25.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 321,823 shares of the technology company’s stock after purchasing an additional 66,078 shares during the period. Nuveen Asset Management LLC owned approximately 0.29% of Check Point Software Technologies worth $60,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. Strategic Financial Concepts LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. Quarry LP boosted its holdings in shares of Check Point Software Technologies by 100.0% during the 4th quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after acquiring an additional 103 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Bank of America raised Check Point Software Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Stephens cut their price objective on Check Point Software Technologies from $255.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Sixteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $232.04.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $218.68 on Monday. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 3.41 and a beta of 0.66. The business’s 50-day moving average is $219.41 and its 200-day moving average is $203.75. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same period in the previous year, the company posted $2.04 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current 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.