Quantinno Capital Management LP Has $5.46 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Quantinno Capital Management LP lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,241 shares of the technology company’s stock after purchasing an additional 778 shares during the quarter. Quantinno Capital Management LP’s holdings in Check Point Software Technologies were worth $5,459,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHKP. Nemes Rush Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at about $35,000. Quarry LP boosted its stake in Check Point Software Technologies by 100.0% during the 4th quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Up 1.2%

CHKP opened at $218.68 on Friday. The firm has a 50-day moving average price of $219.41 and a 200-day moving average price of $203.53. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 EPS. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHKP has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. UBS Group upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Susquehanna boosted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Sixteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $232.04.

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.