Greenleaf Trust Boosts Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Greenleaf Trust lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 137.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,384 shares of the technology company’s stock after purchasing an additional 3,694 shares during the period. Greenleaf Trust’s holdings in Check Point Software Technologies were worth $1,231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter valued at about $6,558,000. Quantbot Technologies LP acquired a new stake in shares of Check Point Software Technologies during the first quarter valued at about $1,095,000. Allspring Global Investments Holdings LLC increased its position in shares of Check Point Software Technologies by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after acquiring an additional 7,357 shares during the last quarter. M&G Plc increased its position in shares of Check Point Software Technologies by 10.0% during the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after acquiring an additional 9,830 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Check Point Software Technologies during the first quarter valued at about $2,928,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $205.40 on Friday. The firm’s fifty day simple moving average is $194.49 and its 200-day simple moving average is $173.59. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $126.57 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. Analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CHKP shares. Mizuho lifted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised 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 research note on Thursday, July 25th. Jefferies Financial Group raised their price objective on shares of 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. BMO Capital Markets raised their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Barclays raised their price objective on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $192.56.

About Check Point Software Technologies

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.