Franklin Resources Inc. lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,641 shares of the technology company's stock after buying an additional 10,861 shares during the quarter. Franklin Resources Inc. owned about 0.15% of Check Point Software Technologies worth $34,665,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of CHKP. Peapack Gladstone Financial Corp grew its holdings in Check Point Software Technologies by 0.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company's stock valued at $21,463,000 after buying an additional 872 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Check Point Software Technologies by 3.1% in the third quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock valued at $7,845,000 after acquiring an additional 1,224 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Check Point Software Technologies during the third quarter valued at approximately $187,000. World Investment Advisors LLC bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $5,546,000. Finally, Anchor Investment Management LLC lifted its stake in Check Point Software Technologies by 8.2% in the 3rd quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company's stock worth $1,154,000 after purchasing an additional 455 shares in the last quarter. 98.51% of the stock is owned by institutional investors.
Check Point Software Technologies Price Performance
Check Point Software Technologies stock traded up $5.92 during mid-day trading on Thursday, reaching $187.01. 883,862 shares of the company traded hands, compared to its average volume of 687,166. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $210.70. The firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 3.21 and a beta of 0.63. The firm's 50 day moving average price is $187.44 and its 200 day moving average price is $181.48.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (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 company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period in the prior year, the firm earned $1.80 earnings per share. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on CHKP shares. Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. Evercore ISI upped their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Mizuho raised their price target 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. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Finally, Wedbush increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, October 9th. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus target price of $199.05.
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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