BNP Paribas Financial Markets lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 50.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,857 shares of the technology company's stock after purchasing an additional 37,343 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of Check Point Software Technologies worth $21,374,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company's stock worth $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Marshall Wace LLP purchased a new stake in Check Point Software Technologies during the second quarter worth $47,244,000. FMR LLC increased its position in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after buying an additional 252,581 shares in the last quarter. Meitav Investment House Ltd. raised its stake in shares of Check Point Software Technologies by 1,295.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company's stock worth $34,557,000 after buying an additional 194,595 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock worth $354,153,000 after buying an additional 177,104 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.
Several research firms have weighed in on CHKP. JPMorgan Chase & Co. raised their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Wedbush increased their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Royal Bank of Canada reissued a "sector perform" rating and issued a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Bank of America downgraded shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their target price for the company from $205.00 to $195.00 in a research note 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $197.74.
Get Our Latest Stock Analysis on Check Point Software Technologies
Shares of CHKP stock opened at $182.00 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $143.28 and a fifty-two week high of $210.70. The firm's 50 day moving average price is $189.23 and its two-hundred day moving average price is $178.21. The stock has a market cap of $20.02 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.10 and a beta of 0.63.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its 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 business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the firm posted $1.80 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.86 EPS for the current fiscal year.
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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