Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by First Financial Bank Trust Division

First Financial Bank Trust Division grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 29.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,371 shares of the technology company's stock after buying an additional 8,236 shares during the quarter. First Financial Bank Trust Division's holdings in Check Point Software Technologies were worth $7,013,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Centaurus Financial Inc. lifted its position in shares of Check Point Software Technologies by 83.2% during the 2nd quarter. Centaurus Financial Inc. now owns 1,865 shares of the technology company's stock worth $308,000 after buying an additional 847 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Check Point Software Technologies by 120.0% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 22,000 shares of the technology company's stock worth $3,630,000 after buying an additional 12,000 shares during the period. Sanctuary Advisors LLC purchased a new stake in Check Point Software Technologies in the second quarter valued at approximately $703,000. Cetera Investment Advisers boosted its holdings in shares of Check Point Software Technologies by 6.6% in the second quarter. Cetera Investment Advisers now owns 60,310 shares of the technology company's stock valued at $9,951,000 after acquiring an additional 3,759 shares during the period. Finally, 3Chopt Investment Partners LLC grew its position in shares of Check Point Software Technologies by 2.2% during the second quarter. 3Chopt Investment Partners LLC now owns 19,441 shares of the technology company's stock worth $3,208,000 after acquiring an additional 422 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded down $0.29 during trading hours on Thursday, reaching $190.90. The company's stock had a trading volume of 560,959 shares, compared to its average volume of 672,084. The company's 50-day moving average is $187.77 and its two-hundred day moving average is $169.52. Check Point Software Technologies Ltd. has a fifty-two week low of $126.57 and a fifty-two week high of $196.56. The stock has a market cap of $21.55 billion, a PE ratio of 26.55, a PEG ratio of 3.05 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business had revenue of $627.40 million during the quarter, compared to analysts' expectations of $623.19 million. During the same period last year, the company posted $1.74 EPS. The company's revenue was up 6.6% on a year-over-year basis. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a research note on Thursday, July 25th. Robert W. Baird increased their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Evercore ISI raised Check Point Software Technologies to a "hold" rating in a research report on Monday, September 16th. Finally, Scotiabank lifted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a "sector outperform" rating in a research note on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $184.47.

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.