Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Boosted by Meyer Handelman Co.

Meyer Handelman Co. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,389 shares of the technology company's stock after purchasing an additional 1,398 shares during the period. Meyer Handelman Co.'s holdings in Check Point Software Technologies were worth $7,727,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $211,105,000 after buying an additional 464,821 shares during the period. Marshall Wace LLP purchased a new position in Check Point Software Technologies in the 2nd quarter worth approximately $47,244,000. World Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $51,922,000. FMR LLC boosted its stake in shares of 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 purchasing an additional 252,581 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock worth $354,153,000 after buying an additional 177,104 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 0.1 %

CHKP traded up $0.22 during trading hours on Wednesday, hitting $183.47. The company's stock had a trading volume of 631,007 shares, compared to its average volume of 707,179. The company has a 50-day simple moving average of $183.36 and a 200 day simple moving average of $185.45. The firm has a market capitalization of $20.18 billion, a PE ratio of 25.06, a PEG ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued 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 company 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%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.80 earnings per share. Research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the subject of several recent analyst reports. Barclays lowered their target price on 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. Stifel Nicolaus increased their price objective on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the company a "hold" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped 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. 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. Finally, BMO Capital Markets upped their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Sixteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $202.95.

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.