Tandem Investment Advisors Inc. Sells 1,949 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Tandem Investment Advisors Inc. reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,507 shares of the technology company’s stock after selling 1,949 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Check Point Software Technologies were worth $4,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Check Point Software Technologies by 2.1% during the 1st quarter. BlackRock Inc. now owns 5,951,005 shares of the technology company’s stock valued at $773,631,000 after acquiring an additional 121,686 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Check Point Software Technologies by 1.6% during the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company’s stock valued at $579,517,000 after acquiring an additional 69,441 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Check Point Software Technologies by 0.3% during the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock valued at $365,851,000 after acquiring an additional 7,493 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Check Point Software Technologies by 9.7% during the 4th quarter. Legal & General Group Plc now owns 2,236,028 shares of the technology company’s stock valued at $282,097,000 after acquiring an additional 197,179 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Check Point Software Technologies by 138.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,505,958 shares of the technology company’s stock valued at $195,775,000 after acquiring an additional 875,580 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CHKP shares. Wedbush restated an “outperform” rating and set a $185.00 price target on shares of Check Point Software Technologies in a report on Wednesday, April 10th. Mizuho restated a “neutral” rating and set a $160.00 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. TD Cowen increased their price target 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. UBS Group increased their price target on Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Finally, William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $159.70.

Check Point Software Technologies Trading Up 0.8 %

Shares of Check Point Software Technologies stock traded up $1.29 during trading on Wednesday, hitting $158.09. 652,908 shares of the stock traded hands, compared to its average volume of 710,892. The firm has a market cap of $19.09 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.55 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’s fifty day simple moving average is $162.45 and its 200 day simple moving average is $151.85.

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

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.