Nordea Investment Management AB has acquired its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) fell 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,193,357 shares of the technology company, after selling 67,759 shares during the quarter. Nordea Investment Management AB owned about 1.99% of Check Point Software Technologies worth $410,432,000, according to the most recent SEC filing.
A number of other major investors have also changed their holdings in the company. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at approximately $27,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Check Point Software Technologies in the third quarter worth $33,000. GAMMA Investing LLC increased its holdings in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the third quarter valued at $37,000. Finally, Arrow Financial Corp grew its position in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s shares.
Analysts set new price targets
Several analysts have expressed their opinions on the company. Evercore ISI raised their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30. BMO Capital Markets raised 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 25. Robert W. Baird lowered his price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30. Finally, The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective on the stock from $204.00 to $207.00 in a research note on Thursday. Sixteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $199.45.
Check out our latest analysis of Check Point software technologies
Check Point software technologies decline 1.7%
NASDAQ:CHKP opened at $181.40 on Monday. The company has a market cap of $19.95 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. The stock has a 50-day moving average of $182.74 and a two-hundred-day moving average of $184.31. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $210.70.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last reported its quarterly earnings data on Tuesday, October 29th. The technology company reported earnings per share of $2.25 for the quarter, matching analyst consensus expectations of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the company posted earnings per share of $1.80. The company’s revenue rose 6.5% year over year this quarter. On average, research analysts predict that Check Point Software Technologies Ltd. will post earnings per share of 7.87 for the current year.
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.
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