Assenagon Asset Management S.A. Buys 75,031 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Assenagon Asset Management S.A. boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 134.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,934 shares of the technology company's stock after buying an additional 75,031 shares during the period. Assenagon Asset Management S.A. owned approximately 0.12% of Check Point Software Technologies worth $25,245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHKP. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies in the third quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Check Point Software Technologies in the 2nd quarter valued at about $30,000. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 1st quarter valued at $31,000. FSC Wealth Advisors LLC bought a new position in Check Point Software Technologies during the third quarter worth about $60,000. Finally, Sound Income Strategies LLC raised its holdings in Check Point Software Technologies by 654.4% in the 3rd quarter. Sound Income Strategies LLC now owns 430 shares of the technology company's stock valued at $83,000 after acquiring an additional 373 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Trading Up 0.9 %

CHKP traded up $1.76 during midday trading on Friday, reaching $207.16. The company's stock had a trading volume of 514,001 shares, compared to its average volume of 674,862. Check Point Software Technologies Ltd. has a 1 year low of $126.57 and a 1 year high of $210.70. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 3.17 and a beta of 0.62. The stock's 50-day moving average is $195.32 and its 200-day moving average is $174.11.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results 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. The business had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies's revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 EPS. As a group, equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHKP shares. Wedbush upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th. Barclays lifted their target price on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 25th. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada increased their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the company a "sector perform" rating in a research note on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus target price of $194.67.

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.