Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 76.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,245 shares of the technology company's stock after purchasing an additional 5,300 shares during the quarter. Investment Management Corp of Ontario's holdings in Check Point Software Technologies were worth $2,361,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Check Point Software Technologies by 73.8% during the 3rd 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 purchasing an additional 464,821 shares during the period. Acadian Asset Management LLC raised its stake in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock worth $677,869,000 after buying an additional 391,983 shares during the last quarter. Marshall Wace LLP acquired a new stake in Check Point Software Technologies in the 2nd quarter valued at about $47,244,000. FMR LLC grew its position 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 last quarter. Finally, Meitav Investment House Ltd. lifted its stake in Check Point Software Technologies by 1,295.8% in the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company's stock valued at $34,557,000 after buying an additional 194,595 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHKP. BMO Capital Markets boosted their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Mizuho upped 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 report on Thursday, October 17th. Bank of America downgraded shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Barclays cut their price target on Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating for the company in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies Stock Performance

Shares of CHKP stock traded down $2.17 on Thursday, hitting $188.05. The stock had a trading volume of 492,295 shares, compared to its average volume of 691,560. The stock's 50 day moving average is $188.59 and its 200-day moving average is $179.03. The firm has a market capitalization of $20.68 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.19 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52-week low of $143.28 and a 52-week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period last year, the firm earned $1.80 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current year.

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.