Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,786 shares of the technology company's stock after acquiring an additional 3,418 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Check Point Software Technologies worth $12,299,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CWA Asset Management Group LLC bought a new position in Check Point Software Technologies in the third quarter valued at about $1,599,000. M&G Plc raised its holdings in Check Point Software Technologies by 10.0% in the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company's stock valued at $17,894,000 after buying an additional 9,830 shares during the last quarter. Milestone Asset Management LLC acquired a new stake in Check Point Software Technologies during the 2nd quarter worth approximately $1,357,000. Assenagon Asset Management S.A. grew its holdings in Check Point Software Technologies by 110.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 55,903 shares of the technology company's stock worth $9,224,000 after acquiring an additional 29,298 shares during the last quarter. Finally, Martin Investment Management LLC increased its position in Check Point Software Technologies by 2.0% in the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company's stock valued at $31,497,000 after acquiring an additional 3,225 shares during the period. Institutional investors own 87.62% of the company's stock.
Shares of NASDAQ:CHKP opened at $182.00 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $143.28 and a 52-week high of $210.70. The business's 50 day simple moving average is $189.23 and its two-hundred day simple moving average is $178.21. The firm has a market cap of $20.02 billion, a P/E ratio of 24.86, a PEG ratio of 3.10 and a beta of 0.63.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.25. The company had revenue of $635.10 million for 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%. Check Point Software Technologies's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.80 EPS. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal year.
Several brokerages recently weighed in on CHKP. Wedbush boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target on 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. JPMorgan Chase & Co. increased their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Barclays cut their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. Finally, Evercore ISI increased their target price 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. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $197.74.
Get Our Latest Report on 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.
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