World Investment Advisors LLC Buys New Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

World Investment Advisors LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,763 shares of the technology company's stock, valued at approximately $5,546,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new position in shares of Check Point Software Technologies in the second quarter worth $259,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Check Point Software Technologies by 7.4% during 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 in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Check Point Software Technologies by 7.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,603 shares of the technology company's stock worth $1,089,000 after buying an additional 448 shares during the period. Assenagon Asset Management S.A. raised its holdings in Check Point Software Technologies by 110.1% in the second quarter. Assenagon Asset Management S.A. now owns 55,903 shares of the technology company's stock valued at $9,224,000 after acquiring an additional 29,298 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Check Point Software Technologies by 6.9% in the second quarter. Blue Trust Inc. now owns 1,597 shares of the technology company's stock valued at $262,000 after acquiring an additional 103 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHKP has been the topic of a number of analyst reports. 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. Robert W. Baird cut their target price 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. JPMorgan Chase & Co. upped their target price 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. Mizuho raised their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Bank of America lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies Trading Down 0.5 %

Shares of CHKP stock traded down $1.02 during mid-day trading on Friday, reaching $188.48. The stock had a trading volume of 165,840 shares, compared to its average volume of 685,640. Check Point Software Technologies Ltd. has a 12-month low of $144.66 and a 12-month high of $210.70. The business has a 50-day simple moving average of $188.23 and a 200 day simple moving average of $180.24. The company has a market cap of $20.73 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 3.21 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. 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 business posted $1.80 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

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.