Public Sector Pension Investment Board Has $8.90 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Public Sector Pension Investment Board lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,136 shares of the technology company's stock after purchasing an additional 8,200 shares during the quarter. Public Sector Pension Investment Board's holdings in Check Point Software Technologies were worth $8,895,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CHKP. CWA Asset Management Group LLC acquired a new position in shares of Check Point Software Technologies in the third quarter worth approximately $1,599,000. M&G Plc increased its holdings in shares of Check Point Software Technologies by 10.0% during the second quarter. M&G Plc now owns 108,449 shares of the technology company's stock valued at $17,894,000 after acquiring an additional 9,830 shares in the last quarter. Milestone Asset Management LLC bought a new position in shares of Check Point Software Technologies in the second quarter valued at $1,357,000. Assenagon Asset Management S.A. boosted its stake in Check Point Software Technologies by 110.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 55,903 shares of the technology company's stock valued at $9,224,000 after purchasing an additional 29,298 shares during the last quarter. Finally, Martin Investment Management LLC raised its position in Check Point Software Technologies by 2.0% in the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company's stock valued at $31,497,000 after buying an additional 3,225 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHKP has been the topic of a number of research reports. Mizuho lifted their price target 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. Jefferies Financial Group increased their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Royal Bank of Canada reissued a "sector perform" rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Robert W. Baird cut their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $197.74.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded up $0.45 during mid-day trading on Friday, hitting $182.00. The company had a trading volume of 246,764 shares, compared to its average volume of 693,062. The business's 50-day simple moving average is $189.23 and its 200-day simple moving average is $178.01. The firm has a market cap of $20.02 billion, a P/E ratio of 24.86, a PEG ratio of 3.10 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analysts' expectations of $634.96 million. During the same quarter in the previous year, the company posted $1.80 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.86 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.