Caprock Group LLC Purchases 138 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Caprock Group LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,225 shares of the technology company’s stock after acquiring an additional 138 shares during the quarter. Caprock Group LLC’s holdings in Check Point Software Technologies were worth $815,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHKP. Swedbank AB acquired a new position in Check Point Software Technologies in the first quarter valued at about $69,487,000. Boston Partners grew its stake in shares of Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after purchasing an additional 419,404 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after buying an additional 391,983 shares during the last quarter. Marshall Wace LLP acquired a new stake in Check Point Software Technologies during the 2nd quarter valued at approximately $47,244,000. Finally, Meitav Investment House Ltd. raised its stake in Check Point Software Technologies by 1,295.8% during the second 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. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird decreased their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays reduced their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. BMO Capital Markets boosted 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. Scotiabank raised their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Finally, Mizuho upped their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Trading Up 2.9 %

NASDAQ CHKP opened at $181.99 on Friday. The business has a fifty day simple moving average of $190.48 and a 200 day simple moving average of $176.79. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The firm has a market capitalization of $20.02 billion, a P/E ratio of 24.86, a PEG ratio of 2.97 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its 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 during the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the company posted $1.80 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal 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.