Victory Capital Management Inc. Has $9.10 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Victory Capital Management Inc. decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 20.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,188 shares of the technology company's stock after selling 12,275 shares during the period. Victory Capital Management Inc.'s holdings in Check Point Software Technologies were worth $9,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at about $30,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the third quarter worth $37,000. Arrow Financial Corp raised its holdings in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock valued at $50,000 after buying an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $60,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the topic of several recent research reports. Royal Bank of Canada restated a "sector perform" rating and set a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Jefferies Financial Group lifted their target price 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. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of 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. Finally, Evercore ISI boosted their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Fifteen equities 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $197.74.

Check Point Software Technologies Stock Down 0.1 %

CHKP stock traded down $0.24 during midday trading on Friday, reaching $181.75. The company's stock had a trading volume of 388,196 shares, compared to its average volume of 693,533. The business's 50-day simple moving average is $190.21 and its 200-day simple moving average is $177.00. The stock has a market cap of $19.99 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $143.28 and a 52 week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 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 during the quarter, compared to analysts' expectations of $634.96 million. During the same quarter last year, the company posted $1.80 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal 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.