Pathstone Holdings LLC Purchases 11,160 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Pathstone Holdings LLC raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 138.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,232 shares of the technology company's stock after buying an additional 11,160 shares during the period. Pathstone Holdings LLC's holdings in Check Point Software Technologies were worth $3,708,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CHKP. Tidal Investments LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $6,558,000. CWA Asset Management Group LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at $1,599,000. M&G Plc raised its holdings in Check Point Software Technologies by 10.0% in the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company's stock worth $17,894,000 after acquiring an additional 9,830 shares during the period. California State Teachers Retirement System raised its holdings in Check Point Software Technologies by 11.6% in the 1st quarter. California State Teachers Retirement System now owns 149,989 shares of the technology company's stock worth $24,600,000 after acquiring an additional 15,647 shares during the period. Finally, Milestone Asset Management LLC bought a new position in Check Point Software Technologies in the 2nd quarter worth $1,357,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded up $1.43 during trading on Monday, hitting $183.18. 1,349,593 shares of the company's stock traded hands, compared to its average volume of 696,410. The firm's fifty day moving average price is $190.21 and its 200 day moving average price is $177.31. Check Point Software Technologies Ltd. has a twelve month low of $143.28 and a twelve month high of $210.70. The company has a market cap of $20.15 billion, a PE ratio of 24.83, a PEG ratio of 3.10 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analysts' expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. As a group, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on CHKP shares. Mizuho lifted their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Barclays dropped their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th. Bank of America downgraded shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Finally, Wedbush lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, October 9th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and an average target price of $197.74.

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.