World Investment Advisors LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,763 shares of the technology company's stock, valued at approximately $5,546,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CHKP. Bank of Montreal Can increased its position in Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after purchasing an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $1,599,000. Milestone Asset Management LLC acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at $1,357,000. Assenagon Asset Management S.A. boosted its holdings in shares of 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 valued at $9,224,000 after acquiring an additional 29,298 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Check Point Software Technologies by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after purchasing an additional 3,655 shares in the last quarter. Institutional investors own 98.51% of the company's stock.
Several analysts have recently weighed in on CHKP shares. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Mizuho boosted 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. 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 note on Wednesday, October 30th. Bank of America lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $197.74.
Get Our Latest Stock Analysis on CHKP
Shares of NASDAQ CHKP opened at $189.50 on Friday. The company has a 50-day moving average price of $188.26 and a 200-day moving average price of $180.18. Check Point Software Technologies Ltd. has a 1 year low of $144.66 and a 1 year high of $210.70. The stock has a market capitalization of $20.84 billion, a P/E ratio of 25.89, a P/E/G ratio of 3.21 and a beta of 0.63.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the prior year, the business posted $1.80 EPS. The business's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.
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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