Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.07% of Check Point Software Technologies worth $15,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings 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 holdings in Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock worth $677,869,000 after acquiring an additional 391,983 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Check Point Software Technologies by 10.7% during the third 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 acquiring an additional 177,104 shares in the last quarter. FMR LLC lifted its holdings in Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after acquiring an additional 252,581 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 period. 98.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CHKP. Truist Financial lifted their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Robert W. Baird decreased their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Barclays dropped their target price on 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. Finally, BMO Capital Markets upped their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $197.74.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded up $2.44 during trading hours on Monday, hitting $190.21. 496,081 shares of the company's stock traded hands, compared to its average volume of 686,323. The firm's 50-day moving average is $188.08 and its 200-day moving average is $181.22. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $210.70. The company has a market capitalization of $20.92 billion, a PE ratio of 25.98, a PEG ratio of 3.21 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million during the quarter, compared to analysts' expectations of $634.96 million. During the same quarter last year, the firm earned $1.80 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal 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.