XTX Topco Ltd Takes $680,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

XTX Topco Ltd bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,525 shares of the technology company's stock, valued at approximately $680,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHKP. Bank of Montreal Can increased its stake in Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after acquiring an additional 20,866 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth approximately $1,599,000. Milestone Asset Management LLC bought a new position in shares of Check Point Software Technologies in the second quarter worth approximately $1,357,000. Assenagon Asset Management S.A. raised its stake 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 purchasing an additional 29,298 shares in the last quarter. Finally, Martin Investment Management LLC lifted its position in Check Point Software Technologies by 2.0% during the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company's stock valued at $31,497,000 after purchasing an additional 3,225 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHKP has been the topic of a number of research analyst reports. BMO Capital Markets increased their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Bank of America lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their target price for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Truist Financial increased their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies has a consensus rating of "Hold" and an average target price of $197.74.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $1.40 during mid-day trading on Thursday, hitting $189.50. The stock had a trading volume of 435,695 shares, compared to its average volume of 687,848. The firm has a market cap of $20.84 billion, a PE ratio of 25.91, a PEG ratio of 3.18 and a beta of 0.63. The company has a 50 day moving average of $188.26 and a two-hundred day moving average of $180.18. Check Point Software Technologies Ltd. has a twelve month low of $144.66 and a twelve month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $634.96 million. During the same period in the prior year, the company earned $1.80 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS 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.