Daiwa Securities Group Inc. Has $1.40 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Daiwa Securities Group Inc. cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,488 shares of the technology company’s stock after selling 92 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Check Point Software Technologies were worth $1,401,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in Check Point Software Technologies by 15.1% in the fourth quarter. Private Advisor Group LLC now owns 1,970 shares of the technology company’s stock worth $301,000 after purchasing an additional 258 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Check Point Software Technologies by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,799 shares of the technology company’s stock worth $21,665,000 after purchasing an additional 7,417 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Check Point Software Technologies by 23.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,891 shares of the technology company’s stock worth $1,358,000 after purchasing an additional 1,697 shares during the period. Principal Financial Group Inc. grew its holdings in Check Point Software Technologies by 69.3% in the fourth quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock worth $4,129,000 after purchasing an additional 11,064 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in Check Point Software Technologies by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,717 shares of the technology company’s stock worth $262,000 after purchasing an additional 109 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHKP. Royal Bank of Canada lifted their price objective on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Robert W. Baird boosted their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Wedbush boosted their price target on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, Susquehanna boosted their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $183.68.

Check Point Software Technologies Trading Up 2.4 %

Check Point Software Technologies stock opened at $195.17 on Friday. The firm’s 50 day simple moving average is $182.33 and its 200 day simple moving average is $166.67. The firm has a market capitalization of $22.04 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $195.29.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 EPS. Research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

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.