BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $28.78 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 48.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,268 shares of the technology company's stock after selling 139,826 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.14% of Check Point Software Technologies worth $28,780,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its holdings in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock valued at $346,000 after acquiring an additional 57 shares during the period. Brighton Jones LLC boosted its holdings in Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company's stock valued at $258,000 after acquiring an additional 66 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Check Point Software Technologies by 1.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company's stock valued at $1,042,000 after acquiring an additional 66 shares during the period. HF Advisory Group LLC boosted its holdings in Check Point Software Technologies by 1.2% during the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company's stock valued at $1,169,000 after acquiring an additional 73 shares during the period. Finally, Heritage Family Offices LLP boosted its holdings in Check Point Software Technologies by 1.6% during the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company's stock valued at $942,000 after acquiring an additional 77 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased 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. Wedbush increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. Evercore ISI increased 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, Barclays reduced their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies Stock Performance

CHKP traded down $0.24 during trading on Friday, reaching $181.75. 388,198 shares of the company's stock were exchanged, compared to its average volume of 893,121. The company's fifty day moving average price is $190.21 and its 200-day moving average price is $177.00. Check Point Software Technologies Ltd. has a fifty-two week low of $143.28 and a fifty-two week high of $210.70. The firm has a market capitalization of $19.99 billion, a PE ratio of 24.83, a P/E/G ratio of 3.10 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting 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 firm had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the business earned $1.80 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal 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.