Yelin Lapidot Holdings Management Ltd. Has $3.32 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Yelin Lapidot Holdings Management Ltd. trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,694 shares of the technology company’s stock after selling 1,873 shares during the period. Yelin Lapidot Holdings Management Ltd.’s holdings in Check Point Software Technologies were worth $3,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CHKP. Acadian Asset Management LLC increased its position in Check Point Software Technologies by 1.6% during the third quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company’s stock worth $579,517,000 after acquiring an additional 69,441 shares during the period. Boston Partners lifted its position 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 worth $489,700,000 after acquiring an additional 151,657 shares during the period. Nordea Investment Management AB increased its position in shares of Check Point Software Technologies by 0.3% during the third quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock valued at $365,851,000 after purchasing an additional 7,493 shares during the period. Legal & General Group Plc raised its stake in shares of Check Point Software Technologies by 3.4% in the third quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company’s stock valued at $216,822,000 after purchasing an additional 52,863 shares in the last quarter. Finally, Ariel Investments LLC lifted its position in Check Point Software Technologies by 121.2% in the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded up $0.92 on Friday, hitting $154.42. 450,867 shares of the company’s stock traded hands, compared to its average volume of 662,990. Check Point Software Technologies Ltd. has a one year low of $121.85 and a one year high of $168.82. The stock has a market capitalization of $17.44 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. The firm’s 50-day moving average price is $157.78 and its two-hundred day moving average price is $155.33.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CHKP shares. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, April 26th. BMO Capital Markets increased their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Scotiabank boosted their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Wednesday, February 7th. Royal Bank of Canada increased their price objective on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus lowered their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Company 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.