Steigerwald Gordon & Koch Inc. Has $23.76 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Steigerwald Gordon & Koch Inc. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 123,226 shares of the technology company's stock after purchasing an additional 3,216 shares during the quarter. Check Point Software Technologies accounts for 2.6% of Steigerwald Gordon & Koch Inc.'s portfolio, making the stock its 11th biggest position. Steigerwald Gordon & Koch Inc. owned 0.11% of Check Point Software Technologies worth $23,759,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in CHKP. Swedbank AB purchased a new stake in Check Point Software Technologies during the 1st quarter valued at approximately $69,487,000. Boston Partners grew its holdings in Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company's stock worth $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Acadian Asset Management LLC lifted its position 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 worth $677,869,000 after purchasing an additional 391,983 shares during the period. Marshall Wace LLP bought a new stake in Check Point Software Technologies during the 2nd quarter valued at $47,244,000. Finally, Meitav Investment House Ltd. lifted its position in shares of Check Point Software Technologies by 1,295.8% during the second 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 during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 2.7 %

NASDAQ:CHKP traded up $5.59 during mid-day trading on Thursday, hitting $209.01. The stock had a trading volume of 1,334,627 shares, compared to its average volume of 672,877. The company has a 50 day simple moving average of $189.05 and a 200-day simple moving average of $170.57. The stock has a market capitalization of $23.60 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $209.64.

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Susquehanna upped their price objective on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a "positive" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, July 25th. BMO Capital Markets upped their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price 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. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $186.05.

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.