MML Investors Services LLC Increases Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MML Investors Services LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,507 shares of the technology company's stock after purchasing an additional 3,655 shares during the quarter. MML Investors Services LLC owned about 0.09% of Check Point Software Technologies worth $19,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in Check Point Software Technologies during the third quarter valued at approximately $27,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies in the third quarter worth $33,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies during the third quarter valued at $37,000. Arrow Financial Corp lifted its position in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth $60,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 0.6 %

CHKP stock traded down $1.04 during midday trading on Tuesday, reaching $186.85. The stock had a trading volume of 656,569 shares, compared to its average volume of 689,495. Check Point Software Technologies Ltd. has a 52-week low of $144.66 and a 52-week high of $210.70. The company has a market cap of $20.55 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.18 and a beta of 0.63. The company's fifty day simple moving average is $188.37 and its 200 day simple moving average is $179.90.

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, meeting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to analysts' expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.80 EPS. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Mizuho raised their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Robert W. Baird decreased their price target on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Check Point Software Technologies currently 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.