Worldquant Millennium Advisors LLC Sells 4,474 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Worldquant Millennium Advisors LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,035 shares of the technology company’s stock after selling 4,474 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Check Point Software Technologies were worth $7,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHKP. Massachusetts Financial Services Co. MA grew its position in Check Point Software Technologies by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock worth $912,070,000 after purchasing an additional 114,938 shares in the last quarter. Acadian Asset Management LLC grew its position in Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after purchasing an additional 391,983 shares in the last quarter. Ninety One UK Ltd grew its position in Check Point Software Technologies by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after purchasing an additional 39,092 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Finally, FMR LLC grew its position in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Barclays dropped their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Trading Down 0.7 %

CHKP stock opened at $186.82 on Friday. The firm has a 50 day moving average of $188.46 and a 200-day moving average of $179.47. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The firm has a market capitalization of $20.55 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same period last year, the business earned $1.80 earnings per share. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.86 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.