Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,855 shares of the technology company’s stock after acquiring an additional 367 shares during the period. Daiwa Securities Group Inc.’s holdings in Check Point Software Technologies were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC boosted its holdings in Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after purchasing an additional 57 shares during the last quarter. Brighton Jones LLC boosted its holdings in Check Point Software Technologies by 5.2% in the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after purchasing an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Check Point Software Technologies by 1.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 66 shares during the last quarter. HF Advisory Group LLC boosted its holdings in Check Point Software Technologies by 1.2% in the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock valued at $1,169,000 after purchasing an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its stake in shares of Check Point Software Technologies by 1.6% during the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after acquiring an additional 77 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHKP shares. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Mizuho increased 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 research note on Thursday, October 17th. Finally, Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $205.00 to $195.00 in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Trading Up 0.0 %

CHKP stock opened at $181.55 on Friday. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.12 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The firm has a 50-day moving average of $189.48 and a two-hundred day moving average of $177.79.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 EPS. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current 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.