Chevy Chase Trust Holdings LLC Purchases 9,580 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Chevy Chase Trust Holdings LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 69.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,351 shares of the technology company's stock after acquiring an additional 9,580 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Check Point Software Technologies were worth $4,502,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Check Point Software Technologies by 73.8% during 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 purchasing an additional 464,821 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock valued at $677,869,000 after purchasing an additional 391,983 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth $47,244,000. FMR LLC boosted its stake 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 buying an additional 252,581 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its position in Check Point Software Technologies by 1,295.8% in the second quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company's stock valued at $34,557,000 after acquiring an additional 194,595 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Mizuho raised their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. BMO Capital Markets boosted their target price 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. Bank of America cut Check Point Software Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $197.74.

Check Point Software Technologies Stock Down 0.7 %

CHKP traded down $1.23 during trading on Friday, hitting $186.82. The company's stock had a trading volume of 466,738 shares, compared to its average volume of 614,080. The firm has a market capitalization of $20.55 billion, a P/E ratio of 25.52, a PEG ratio of 3.25 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $143.28 and a twelve month high of $210.70. The stock's fifty day moving average price is $188.46 and its 200-day moving average price is $179.47.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates 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. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.86 EPS 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.