Townsquare Capital LLC Has $2.71 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Townsquare Capital LLC increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,078 shares of the technology company’s stock after buying an additional 1,692 shares during the quarter. Townsquare Capital LLC’s holdings in Check Point Software Technologies were worth $2,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Transamerica Financial Advisors Inc. raised its holdings in Check Point Software Technologies by 2,237.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,075 shares of the technology company’s stock worth $208,000 after buying an additional 1,029 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Check Point Software Technologies by 50.8% during the third quarter. BNP Paribas Financial Markets now owns 110,857 shares of the technology company’s stock worth $21,374,000 after acquiring an additional 37,343 shares in the last quarter. D.A. Davidson & CO. lifted its position in Check Point Software Technologies by 4.4% in the 3rd quarter. D.A. Davidson & CO. now owns 2,625 shares of the technology company’s stock valued at $506,000 after acquiring an additional 111 shares in the last quarter. FMR LLC lifted its position in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Check Point Software Technologies during the 3rd quarter valued at about $419,000. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHKP. Robert W. Baird dropped their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen equities research 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.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Stock Up 0.2 %

Shares of NASDAQ:CHKP opened at $182.00 on Friday. The company has a 50-day moving average price of $189.23 and a two-hundred day moving average price of $178.21. Check Point Software Technologies Ltd. has a twelve month low of $143.28 and a twelve month high of $210.70. The firm has a market capitalization of $20.02 billion, a PE ratio of 24.86, a P/E/G ratio of 3.10 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. Analysts anticipate that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.