PNC Financial Services Group Inc. has acquired its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) fell 2.8% during the third quarter, according to its latest disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,224 shares of the technology company, after selling 2,125 shares during the period. The interests of PNC Financial Services Group Inc. in Check Point Software Technologies were worth $14,118,000 as of the most recent filing with the Securities and Exchange Commission (SEC).
A number of other major investors have also increased or decreased their stakes in the company. Banque Cantonale Vaudoise increased its position in shares of Check Point Software Technologies by 1.4% during the third quarter. Banque Cantonale Vaudoise now owns 13,981 shares of the technology company’s stock worth $2,696,000 after purchasing an additional 196 shares in the last quarter. Bruni JV & Co. Co. increased its position in Check Point Software Technologies by 103.4% during the third quarter. Bruni JV & Co. Co. now owns 117,344 shares of the technology company, valued at $22,625,000, after purchasing an additional 59,646 shares in the last quarter. Caprock Group LLC grew its position in Check Point Software Technologies by 3.4% during the third quarter. Caprock Group LLC now owns 4,225 shares of the technology company’s stock valued at $815,000 after purchasing an additional 138 shares in the last quarter. Pathstone Holdings LLC increased its stake in Check Point Software Technologies by 138.3% in the third quarter. Pathstone Holdings LLC now owns 19,232 shares of the technology company’s stock valued at $3,708,000 after purchasing an additional 11,160 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Check Point Software Technologies by 6.1% in the 3rd quarter. Natixis Advisors LLC now owns 49,726 shares of the technology company’s stock worth $9,588,000 after acquiring an additional 2,876 shares in the last quarter. 87.62% of the shares are currently held by institutional investors.
Check Point Software Technologies shares fell 0.1%
CHKP stock opened at $181.75 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $143.28 and a 52-week high of $210.70. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.97, and a beta of 0.63. The company’s 50-day simple moving average is $190.21 and its 200-day simple moving average is $177.00.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) posted its latest quarterly results on Tuesday, October 29. The technology company reported earnings per share of $2.25 for the quarter, beating analysts’ consensus expectations of $2.25. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate 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’ revenue for the quarter increased 6.5% year over year. In the same quarter of the previous year, the company posted earnings per share of $1.80. On average, analysts expect Check Point Software Technologies Ltd. will record a profit per share of 7.87 for the current financial year.
Wall Street analysts weigh in
Several stock analysts have recently commented on CHKP stock. Barclays lowered their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equalweight” rating for the company in a research report on Tuesday, October 29. Robert W. Baird lowered his price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30. Truist Financial raised their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23. Evercore ISI raised their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30. Finally, Royal Bank of Canada reissued a “sector perform” rating and $187.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 30. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of ‘Hold’ and an average price target of $197.74.
Check out our latest stock analysis on CHKP
About Check Point Software Technologies
(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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