Barclays PLC grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,432 shares of the technology company's stock after purchasing an additional 4,522 shares during the quarter. Barclays PLC owned approximately 0.07% of Check Point Software Technologies worth $15,507,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CHKP. Massachusetts Financial Services Co. MA increased its stake in Check Point Software Technologies by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company's stock valued at $912,070,000 after purchasing an additional 114,938 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of 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 valued at $677,869,000 after buying an additional 391,983 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of 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 valued at $354,153,000 after buying an additional 177,104 shares during the last quarter. FMR LLC raised its stake in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock worth $218,488,000 after acquiring an additional 252,581 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company's stock valued at $211,105,000 after acquiring an additional 464,821 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.
Check Point Software Technologies Trading Down 0.9 %
NASDAQ CHKP opened at $187.77 on Monday. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 3.21 and a beta of 0.63. The business's 50 day moving average is $188.11 and its two-hundred day moving average is $180.91. Check Point Software Technologies Ltd. has a 12-month low of $144.66 and a 12-month high of $210.70.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts' consensus estimates of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 earnings per share. Equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Wedbush lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th. Mizuho increased their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Robert W. Baird cut their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Bank of America downgraded shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $197.74.
Check Out Our Latest Report on Check Point Software Technologies
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.
Further Reading
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