Kiltearn Partners LLP Has $20.52 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kiltearn Partners LLP cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 56.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,400 shares of the technology company's stock after selling 139,800 shares during the period. Check Point Software Technologies accounts for approximately 2.8% of Kiltearn Partners LLP's holdings, making the stock its 15th biggest holding. Kiltearn Partners LLP owned about 0.10% of Check Point Software Technologies worth $20,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC raised its position in shares of Check Point Software Technologies by 13.7% in the 3rd quarter. Townsquare Capital LLC now owns 14,078 shares of the technology company's stock valued at $2,714,000 after acquiring an additional 1,692 shares during the period. Transamerica Financial Advisors Inc. grew its holdings in shares of Check Point Software Technologies by 2,237.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,075 shares of the technology company's stock valued at $208,000 after buying an additional 1,029 shares during the period. BNP Paribas Financial Markets increased its position in shares of Check Point Software Technologies by 50.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 110,857 shares of the technology company's stock valued at $21,374,000 after buying an additional 37,343 shares in the last quarter. D.A. Davidson & CO. raised its stake in Check Point Software Technologies by 4.4% during the 3rd quarter. D.A. Davidson & CO. now owns 2,625 shares of the technology company's stock worth $506,000 after buying an additional 111 shares during the period. Finally, FMR LLC lifted its holdings in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock worth $218,488,000 after acquiring an additional 252,581 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on CHKP shares. Evercore ISI upped their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Wedbush increased 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. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Barclays dropped their target price on 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $197.74.

Check Point Software Technologies Trading Down 0.1 %

CHKP stock traded down $0.11 during mid-day trading on Wednesday, hitting $181.40. 315,894 shares of the company were exchanged, compared to its average volume of 694,388. Check Point Software Technologies Ltd. has a 1-year low of $143.28 and a 1-year high of $210.70. The stock has a market capitalization of $19.95 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.63. The business has a 50 day simple moving average of $189.82 and a 200-day simple moving average of $177.74.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts' consensus estimates of $2.25. The firm 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 EPS. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current 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.