Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 73.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,094,887 shares of the technology company's stock after purchasing an additional 464,821 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.00% of Check Point Software Technologies worth $211,105,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in Check Point Software Technologies by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company's stock worth $912,070,000 after buying an additional 114,938 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock valued at $677,869,000 after purchasing an additional 391,983 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of Check Point Software Technologies by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company's stock valued at $595,450,000 after purchasing an additional 39,092 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 0.2 %

Shares of NASDAQ CHKP traded up $0.45 during midday trading on Friday, hitting $182.00. The company had a trading volume of 246,764 shares, compared to its average volume of 673,924. Check Point Software Technologies Ltd. has a twelve month low of $143.28 and a twelve month high of $210.70. The business has a 50-day simple moving average of $189.23 and a two-hundred day simple moving average of $178.21. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.11 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.25. The company had revenue of $635.10 million during 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 firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 earnings per share. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.86 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of 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. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Bank of America lowered shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their price target for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, Wedbush raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and an average 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.