Yousif Capital Management LLC Trims Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Yousif Capital Management LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,929 shares of the technology company’s stock after selling 80 shares during the quarter. Yousif Capital Management LLC’s holdings in Check Point Software Technologies were worth $906,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHKP. Ariel Investments LLC grew its stake in 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 acquired a new position in Check Point Software Technologies in the 3rd quarter valued at about $65,522,000. LSV Asset Management increased its holdings in shares of Check Point Software Technologies by 1,535.7% in the third quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock valued at $55,156,000 after purchasing an additional 388,535 shares during the period. Boston Trust Walden Corp increased its holdings in shares of Check Point Software Technologies by 248.8% in the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock valued at $46,784,000 after purchasing an additional 218,403 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Check Point Software Technologies by 107.2% during the third quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock worth $48,244,000 after purchasing an additional 187,314 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CHKP shares. Royal Bank of Canada boosted their price objective on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 7th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, April 26th. Wells Fargo & Company lifted their price objective on Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Citigroup raised their price target on Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Finally, UBS Group upped their price objective on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $169.18.

Check Point Software Technologies Stock Up 1.2 %

Shares of NASDAQ:CHKP opened at $151.20 on Friday. The company has a market capitalization of $18.26 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.43 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $118.21 and a 52-week high of $168.82. The stock’s fifty day simple moving average is $160.51 and its 200-day simple moving average is $153.40.

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