38,948 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,948 shares of the technology company's stock, valued at approximately $75,100,000.

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

Analyst Ratings Changes

CHKP has been the subject of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a "hold" rating in a report on Thursday, July 25th. BMO Capital Markets increased their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price 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. Finally, Barclays increased their price target 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. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $194.67.

Check Point Software Technologies Trading Up 0.9 %

Check Point Software Technologies stock traded up $1.76 during trading hours on Friday, reaching $207.16. 514,001 shares of the company were exchanged, compared to its average volume of 674,862. Check Point Software Technologies Ltd. has a 12 month low of $126.57 and a 12 month high of $210.70. The firm has a market cap 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 has a 50-day moving average of $195.32 and a 200 day moving average of $174.18.

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

About Check Point Software Technologies

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.