Greenleaf Trust Raises Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Greenleaf Trust raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 137.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,384 shares of the technology company’s stock after acquiring an additional 3,694 shares during the quarter. Greenleaf Trust’s holdings in Check Point Software Technologies were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of CHKP. Massachusetts Financial Services Co. MA lifted its stake in shares of Check Point Software Technologies by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after buying an additional 114,938 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after buying an additional 391,983 shares in the last quarter. Boston Partners lifted its stake in shares of Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after buying an additional 419,404 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of Check Point Software Technologies by 1.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after buying an additional 39,092 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Check Point Software Technologies by 3.0% during the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock valued at $440,266,000 after buying an additional 77,849 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $205.40 on Friday. The company’s fifty day moving average price is $194.49 and its 200 day moving average price is $173.59. Check Point Software Technologies Ltd. has a 1 year low of $126.57 and a 1 year high of $210.70. The company has a market capitalization of $23.19 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI upgraded shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Jefferies Financial Group lifted their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Scotiabank lifted their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a report on Thursday, July 25th. Mizuho lifted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial lifted 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 report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $192.56.

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.