Geode Capital Management LLC Has $157.81 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Geode Capital Management LLC trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 27.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 822,279 shares of the technology company's stock after selling 307,514 shares during the period. Geode Capital Management LLC owned approximately 0.75% of Check Point Software Technologies worth $157,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CHKP. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies in the third quarter valued at about $27,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at about $33,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $37,000. Arrow Financial Corp increased its holdings in Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock worth $50,000 after buying an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Check Point Software Technologies during the third quarter valued at approximately $60,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.3 %

Check Point Software Technologies stock traded down $2.50 during trading hours on Tuesday, hitting $187.71. The stock had a trading volume of 601,326 shares, compared to its average volume of 685,974. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The company has a market cap of $20.64 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. The company has a 50-day moving average of $187.89 and a two-hundred day moving average of $181.48.

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. The business had revenue of $635.10 million during 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%. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. As a group, analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Barclays lowered their target price 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. Mizuho boosted their price target on 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. JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Finally, Wedbush boosted their target price on 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 investment 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 stock presently has an average rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies 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.