Pathstone Holdings LLC Increases Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Pathstone Holdings LLC raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 138.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,232 shares of the technology company’s stock after purchasing an additional 11,160 shares during the period. Pathstone Holdings LLC’s holdings in Check Point Software Technologies were worth $3,708,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHKP. Massachusetts Financial Services Co. MA raised its holdings in shares of Check Point Software Technologies by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after purchasing an additional 114,938 shares during the last quarter. Acadian Asset Management LLC raised its stake in 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 valued at $677,869,000 after buying an additional 391,983 shares during the last quarter. Boston Partners lifted its holdings in shares of Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after buying an additional 419,404 shares during the period. Ninety One UK Ltd grew its holdings in shares of Check Point Software Technologies by 1.1% in the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after acquiring an additional 39,092 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Check Point Software Technologies by 10.7% during the third 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 acquiring an additional 177,104 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CHKP shares. Jefferies Financial Group raised their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. 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. Barclays decreased their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Evercore ISI boosted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Wedbush raised their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Stock Down 0.1 %

CHKP opened at $181.75 on Monday. The company has a market capitalization of $19.99 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 3.10 and a beta of 0.63. The firm has a 50-day simple moving average of $190.21 and a two-hundred day simple moving average of $177.31. Check Point Software Technologies Ltd. has a 52 week low of $143.28 and a 52 week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.87 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.