M&G Plc Has $21.89 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

M&G PLC increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,436 shares of the technology company's stock after purchasing an additional 4,987 shares during the quarter. M&G PLC owned approximately 0.10% of Check Point Software Technologies worth $21,893,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CHKP. Bleakley Financial Group LLC boosted its stake in shares of Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock worth $346,000 after acquiring an additional 57 shares in the last quarter. Brighton Jones LLC grew its holdings in Check Point Software Technologies by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company's stock valued at $258,000 after buying an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position 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 worth $1,042,000 after buying an additional 66 shares in the last quarter. HF Advisory Group LLC raised its holdings in shares of Check Point Software Technologies by 1.2% in the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company's stock worth $1,169,000 after acquiring an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its holdings in Check Point Software Technologies by 1.6% in the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company's stock valued at $942,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Trading Down 0.5 %

NASDAQ:CHKP traded down $0.84 during trading hours on Friday, hitting $176.03. 714,551 shares of the stock traded hands, compared to its average volume of 696,994. The firm has a 50 day moving average price of $192.81 and a 200 day moving average price of $175.29. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.90 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $138.00 and a fifty-two week high of $210.70.

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

Analysts Set New Price Targets

CHKP has been the subject of a number of recent analyst reports. Scotiabank lifted their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the company a "sector outperform" rating in a research report on Thursday, July 25th. Royal Bank of Canada reissued a "sector perform" rating and issued a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Mizuho upped their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Evercore ISI upped their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Finally, Truist Financial lifted their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $197.74.

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.