BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 48.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 149,268 shares of the technology company's stock after selling 139,826 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.14% of Check Point Software Technologies worth $28,780,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in CHKP. Vanguard Group Inc. increased its holdings in Check Point Software Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company's stock valued at $54,985,000 after purchasing an additional 4,194 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $217,000. Quadrature Capital Ltd bought a new position in Check Point Software Technologies during the 1st quarter worth approximately $2,928,000. 1832 Asset Management L.P. increased its stake in Check Point Software Technologies by 29.4% in the first quarter. 1832 Asset Management L.P. now owns 26,202 shares of the technology company's stock valued at $4,297,000 after purchasing an additional 5,950 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Check Point Software Technologies by 18.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,139 shares of the technology company's stock worth $3,140,000 after purchasing an additional 3,008 shares during the period. Institutional investors own 87.62% of the company's stock.
Analyst Upgrades and Downgrades
CHKP has been the subject of a number of recent analyst reports. Jefferies Financial Group upped 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 report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Wedbush boosted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Mizuho raised their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a 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 MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $197.74.
Read Our Latest Analysis on Check Point Software Technologies
Check Point Software Technologies Price Performance
Shares of CHKP stock opened at $181.75 on Friday. The company has a fifty day moving average price of $190.21 and a two-hundred day moving average price of $177.00. Check Point Software Technologies Ltd. has a one year low of $143.28 and a one year high of $210.70. The stock has a market cap of $19.99 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.97 and a beta of 0.63.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts' consensus estimates 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%. Check Point Software Technologies's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.80 earnings per share. As a group, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.
Check Point Software Technologies Company 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Should you invest $1,000 in Check Point Software Technologies right now?
Before you consider Check Point Software Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Check Point Software Technologies wasn't on the list.
While Check Point Software Technologies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.