Handelsbanken Fonder AB Has $3.36 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Handelsbanken Fonder AB cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,018 shares of the technology company’s stock after selling 404 shares during the quarter. Handelsbanken Fonder AB’s holdings in Check Point Software Technologies were worth $3,364,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Check Point Software Technologies by 9.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,189 shares of the technology company’s stock worth $1,557,000 after purchasing an additional 911 shares during the period. Signaturefd LLC raised its position in shares of Check Point Software Technologies by 4.1% during the fourth quarter. Signaturefd LLC now owns 4,281 shares of the technology company’s stock worth $654,000 after purchasing an additional 170 shares during the period. abrdn plc raised its position in shares of Check Point Software Technologies by 93.6% during the fourth quarter. abrdn plc now owns 33,747 shares of the technology company’s stock worth $5,156,000 after purchasing an additional 16,313 shares during the period. HF Advisory Group LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $753,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Check Point Software Technologies by 1.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,438 shares of the technology company’s stock worth $1,289,000 after purchasing an additional 148 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $151.20 on Friday. The company has a market capitalization of $18.26 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.61 and a beta of 0.61. The business has a fifty day moving average price of $161.41 and a two-hundred day moving average price of $152.89. Check Point Software Technologies Ltd. has a 1 year low of $117.18 and a 1 year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday. Stifel Nicolaus lowered their target price on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $185.00 price target on shares of Check Point Software Technologies in a report on Friday. Truist Financial upped their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Mizuho reiterated a “neutral” rating and set a $160.00 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Thirteen equities research 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 target price of $164.00.

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.