Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,726 shares of the technology company's stock after purchasing an additional 2,876 shares during the period. Natixis Advisors LLC's holdings in Check Point Software Technologies were worth $9,588,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its stake in shares of Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock valued at $346,000 after buying an additional 57 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company's stock valued at $258,000 after buying an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Check Point Software Technologies by 1.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company's stock valued at $1,042,000 after buying an additional 66 shares during the last quarter. HF Advisory Group LLC grew its stake in shares of Check Point Software Technologies by 1.2% during the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company's stock valued at $1,169,000 after buying an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP grew its stake in shares of Check Point Software Technologies by 1.6% in the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company's stock worth $942,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada reiterated a "sector perform" rating and set a $187.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. 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 report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of "Hold" and a consensus price target of $197.74.

Check Point Software Technologies Stock Down 0.1 %

Shares of NASDAQ CHKP traded down $0.20 during midday trading on Friday, reaching $181.79. 243,820 shares of the company's stock traded hands, compared to its average volume of 692,897. The stock's 50 day simple moving average is $190.48 and its 200-day simple moving average is $176.79. Check Point Software Technologies Ltd. has a one year low of $143.28 and a one year high of $210.70. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.97 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period last year, the firm earned $1.80 earnings per share. The company's quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

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.