Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,950 shares of the technology company’s stock after purchasing an additional 766 shares during the quarter. Blue Trust Inc.’s holdings in Check Point Software Technologies were worth $762,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth $51,922,000. FMR LLC grew its position in Check Point Software Technologies by 28.7% in the 3rd 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 during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in 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 valued at $354,153,000 after buying an additional 177,104 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Check Point Software Technologies by 134.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company’s stock worth $25,245,000 after buying an additional 75,031 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $203.90 on Thursday. The firm has a market cap of $22.42 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The firm’s 50 day moving average price is $186.66 and its 200 day moving average price is $187.10.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 earnings per share. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on CHKP shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a report on Monday. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 24th. Mizuho raised their price target 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. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Finally, Citigroup raised their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $205.10.

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.