Zurcher Kantonalbank Zurich Cantonalbank Has $12.30 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,786 shares of the technology company's stock after purchasing an additional 3,418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Check Point Software Technologies worth $12,299,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CHKP. Bleakley Financial Group LLC raised its holdings in Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock worth $346,000 after purchasing an additional 57 shares during the last quarter. Brighton Jones LLC grew its position in shares of Check Point Software Technologies by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company's stock worth $258,000 after buying an additional 66 shares during the period. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Check Point Software Technologies by 1.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company's stock worth $1,042,000 after buying an additional 66 shares during the last quarter. HF Advisory Group LLC boosted its stake in Check Point Software Technologies by 1.2% in the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company's stock valued at $1,169,000 after acquiring an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its stake in Check Point Software Technologies by 1.6% in the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company's stock valued at $942,000 after acquiring an additional 77 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Up 0.2 %

Shares of NASDAQ CHKP traded up $0.45 during mid-day trading on Friday, hitting $182.00. The company had a trading volume of 246,764 shares, compared to its average volume of 673,924. The firm has a 50-day simple moving average of $189.23 and a two-hundred day simple moving average of $178.21. The company has a market capitalization of $20.02 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.11 and a beta of 0.63. Check Point Software Technologies Ltd. has a one year low of $143.28 and a one year 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 earnings per share for the quarter, meeting analysts' consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period last year, the company earned $1.80 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets upped their target price on shares of 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. Evercore ISI increased their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Jefferies Financial Group upped their price target on 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. Finally, Barclays reduced their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.