BNP Paribas Financial Markets raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 50.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 110,857 shares of the technology company's stock after acquiring an additional 37,343 shares during the period. BNP Paribas Financial Markets owned 0.10% of Check Point Software Technologies worth $21,374,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CHKP. Vanguard Group Inc. increased its holdings in shares of Check Point Software Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company's stock worth $54,985,000 after buying an additional 4,194 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Check Point Software Technologies by 18.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,139 shares of the technology company's stock valued at $3,140,000 after buying an additional 3,008 shares during the last quarter. Cetera Investment Advisers boosted its position in Check Point Software Technologies by 1,020.7% in the 1st quarter. Cetera Investment Advisers now owns 56,551 shares of the technology company's stock valued at $9,275,000 after buying an additional 51,505 shares during the last quarter. Cetera Advisors LLC boosted its position in Check Point Software Technologies by 53.0% in the 1st quarter. Cetera Advisors LLC now owns 4,299 shares of the technology company's stock valued at $705,000 after buying an additional 1,490 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Check Point Software Technologies in the 2nd quarter valued at about $30,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.
Check Point Software Technologies Stock Performance
Check Point Software Technologies stock traded up $0.45 during mid-day trading on Friday, reaching $182.00. The company's stock had a trading volume of 246,764 shares, compared to its average volume of 673,924. The company has a market capitalization of $20.02 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.11 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The business's 50 day simple moving average is $189.23 and its 200 day simple moving average is $178.21.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts' consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analysts' expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.80 earnings per share. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.86 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on CHKP shares. Evercore ISI increased their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Barclays reduced their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 29th. Bank of America cut shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Truist Financial increased their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Fifteen equities research 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 currently has an average rating of "Hold" and a consensus price target of $197.74.
Get Our Latest Stock Analysis on Check Point Software Technologies
About Check Point Software Technologies
(
Free Report)
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.
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