Wellington Management Group LLP raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 180.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,433 shares of the technology company's stock after buying an additional 8,641 shares during the period. Wellington Management Group LLP's holdings in Check Point Software Technologies were worth $2,590,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of CHKP. Wealth Enhancement Advisory Services LLC increased its stake in shares of Check Point Software Technologies by 7.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,318 shares of the technology company's stock worth $382,000 after buying an additional 159 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Check Point Software Technologies by 116.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,515 shares of the technology company's stock valued at $580,000 after acquiring an additional 1,888 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Check Point Software Technologies by 2.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 67,131 shares of the technology company's stock valued at $11,077,000 after acquiring an additional 1,739 shares during the last quarter. Summit Global Investments boosted its holdings in shares of Check Point Software Technologies by 5.0% during the second quarter. Summit Global Investments now owns 6,618 shares of the technology company's stock worth $1,092,000 after purchasing an additional 315 shares during the period. Finally, &PARTNERS bought a new stake in shares of Check Point Software Technologies in the second quarter worth about $313,000. 98.51% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have commented on CHKP shares. BMO Capital Markets upped their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Truist Financial raised their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Wedbush boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Evercore ISI upped their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and a consensus price target of $199.05.
Check Out Our Latest Report on CHKP
Check Point Software Technologies Stock Down 3.5 %
Shares of NASDAQ:CHKP traded down $6.62 on Wednesday, hitting $181.09. 779,444 shares of the company traded hands, compared to its average volume of 686,359. The stock has a 50 day simple moving average of $187.44 and a 200-day simple moving average of $181.48. The company has a market cap of $19.92 billion, a PE ratio of 24.74, a PEG ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70.
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 for the quarter, meeting analysts' consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.80 EPS. As a group, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.
About Check Point Software Technologies
(
Free Report)
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.
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