Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 10.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,836,799 shares of the technology company's stock after buying an additional 177,104 shares during the quarter. Check Point Software Technologies accounts for about 0.7% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 25th largest holding. Robeco Institutional Asset Management B.V. owned about 1.63% of Check Point Software Technologies worth $354,153,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CHKP. Allspring Global Investments Holdings LLC lifted its holdings in Check Point Software Technologies by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company's stock valued at $15,980,000 after acquiring an additional 7,357 shares during the period. Norden Group LLC purchased a new position in Check Point Software Technologies in the first quarter valued at $200,000. BNP Paribas Financial Markets raised its position in shares of Check Point Software Technologies by 11.5% in the first quarter. BNP Paribas Financial Markets now owns 96,302 shares of the technology company's stock worth $15,794,000 after acquiring an additional 9,971 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Check Point Software Technologies by 19.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,330 shares of the technology company's stock valued at $3,826,000 after acquiring an additional 3,822 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in shares of Check Point Software Technologies by 1.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,580 shares of the technology company's stock valued at $1,407,000 after purchasing an additional 142 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded down $0.32 during midday trading on Monday, hitting $170.18. The company's stock had a trading volume of 725,845 shares, compared to its average volume of 694,644. Check Point Software Technologies Ltd. has a 1 year low of $136.19 and a 1 year high of $210.70. The business's fifty day simple moving average is $194.09 and its two-hundred day simple moving average is $175.07. The firm has a market capitalization of $18.72 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 2.96 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. Analysts anticipate that Check Point Software Technologies Ltd. will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CHKP shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Mizuho lifted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their target price 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, October 25th. Bank of America lowered shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and decreased their price target for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.