Daiwa Securities Group Inc. increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) up 4.3% in the third quarter, Holdings Channel reports. The company owned 8,855 shares of the technology company, having purchased an additional 367 shares during the period. The interests of Daiwa Securities Group Inc. in Check Point Software Technologies were worth $1,707,000 at the end of the most recent quarter.
Several other institutional investors have also recently increased or decreased their stakes in CHKP. Vanguard Group Inc. increased its stake in Check Point Software Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company, valued at $54,985,000, after purchasing an additional 4,194 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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, valued at $3,140,000, after purchasing an additional 3,008 shares in the last quarter. California State Teachers Retirement System grew its stake in Check Point Software Technologies by 11.6% in the first quarter. California State Teachers Retirement System now owns 149,989 shares of the technology company’s stock worth $24,600,000 after purchasing an additional 15,647 shares during the last quarter. Cetera Investment Advisers increased its stake in Check Point Software Technologies by 1,020.7% in the first quarter. Cetera Investment Advisers now owns 56,551 shares of the technology company’s stock valued at $9,275,000 after purchasing an additional 51,505 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in Check Point Software Technologies by 53.0% in the first quarter. Cetera Advisors LLC now owns 4,299 shares of the technology company’s stock valued at $705,000 after purchasing an additional 1,490 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s shares.
Check Point Software Technologies Price-Performance
Shares of NASDAQ:CHKP opened at $181.55 on Friday. The company’s fifty-day moving average price is $189.48 and its 200-day moving average price is $177.79. Check Point Software Technologies Ltd. has a 12-month low of $143.28 and a 12-month high of $210.70. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 24.80, a price-to-earnings ratio of 3.12, and a beta of 0.63.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last reported its quarterly results on Tuesday, October 29. The technology company reported $2.25 earnings per share 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 for the quarter, compared to analyst estimates of $634.96 million. During the same period last year, the company earned earnings per share of $1.80. Check Point Software Technologies’ revenue for the quarter increased 6.5% compared to the same quarter last year. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post earnings per share of 7.87 for the current year.
Wall Street analysts predict growth
Several brokers responded to CHKP. Mizuho raised 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 17. BMO Capital Markets lifted their price target 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 25. Royal Bank of Canada reissued a sector perform rating and $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30. Finally, Evercore ISI raised their price target 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 30. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of ‘Hold’ and a consensus price target of $197.74.
Check out our latest research report on Check Point software technologies
Check Point Software Technologies Company Profile
(Free report)
Check Point Software Technologies Ltd. develops, sells and supports a range of IT security products and services worldwide. The company offers multi-level security architecture, cloud, network, mobile, endpoint intelligence and IoT solutions. It offers Check Point Infinity Architecture, a cybersecurity architecture that protects against fifth-generation cyber attacks across networks, endpoints, cloud, workloads, Internet of Things and mobile.
See also
Would you like to see which other hedge funds own CHKP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report).
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