California Public Employees Retirement System Has $89.38 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

California Public Employees Retirement System lessened its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 584,997 shares of the technology company’s stock after selling 4,264 shares during the quarter. California Public Employees Retirement System’s holdings in Check Point Software Technologies were worth $89,382,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the third quarter valued at $25,000. CNB Bank acquired a new position in shares of Check Point Software Technologies during the third quarter valued at $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter valued at $30,000. Salem Investment Counselors Inc. lifted its stake in shares of Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after acquiring an additional 237 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in shares of Check Point Software Technologies during the third quarter valued at $49,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $161.00 on Thursday. The company has a market cap of $19.44 billion, a PE ratio of 22.61, a PEG ratio of 2.61 and a beta of 0.61. Check Point Software Technologies Ltd. has a 52-week low of $117.18 and a 52-week high of $168.82. The stock has a 50-day simple moving average of $161.87 and a 200 day simple moving average of $152.78.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The business had revenue of $663.50 million during the quarter, compared to the consensus estimate of $662.09 million. During the same period last year, the company earned $2.23 earnings per share. Check Point Software Technologies’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CHKP. BMO Capital Markets upped their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Citigroup upped their price objective 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. Wedbush reiterated an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, April 10th. Susquehanna upped their price objective on Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, February 7th. Finally, TD Cowen upped their price objective on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $160.16.

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.