Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Increased by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 393,212 shares of the technology company’s stock after buying an additional 20,812 shares during the quarter. Check Point Software Technologies makes up about 1.6% of Penserra Capital Management LLC’s holdings, making the stock its 10th biggest holding. Penserra Capital Management LLC owned 0.36% of Check Point Software Technologies worth $89,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $25,000. Capital A Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth about $29,000. Quarry LP raised its position in shares of Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company’s stock worth $38,000 after purchasing an additional 103 shares during the last quarter. Menard Financial Group LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth about $41,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Check Point Software Technologies by 19.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock worth $77,000 after purchasing an additional 55 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $223.58 on Friday. The business’s fifty day moving average is $221.75 and its 200 day moving average is $213.92. The company has a market capitalization of $24.59 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.64. Check Point Software Technologies Ltd. has a fifty-two week low of $167.54 and a fifty-two week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The company had revenue of $637.80 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Check Point Software Technologies from $280.00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Compass Point set a $260.00 price target on Check Point Software Technologies in a research report on Thursday, March 27th. Roth Capital assumed coverage on Check Point Software Technologies in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $215.00 price target for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Sixteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $232.44.

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.