Assenagon Asset Management S.A. Boosts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Assenagon Asset Management S.A. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 134.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 130,934 shares of the technology company’s stock after buying an additional 75,031 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Check Point Software Technologies were worth $25,245,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CHKP. Kathmere Capital Management LLC boosted its stake in shares of Check Point Software Technologies by 12.4% during the 1st quarter. Kathmere Capital Management LLC now owns 1,719 shares of the technology company’s stock worth $282,000 after acquiring an additional 190 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in Check Point Software Technologies during the first quarter worth approximately $251,000. Miracle Mile Advisors LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at approximately $396,000. Allspring Global Investments Holdings LLC increased its position in shares of Check Point Software Technologies by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after buying an additional 7,357 shares in the last quarter. Finally, Norden Group LLC acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $200,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 0.9 %

Shares of CHKP opened at $207.16 on Friday. The firm has a 50-day moving average price of $194.88 and a 200 day moving average price of $173.81. The firm has a market capitalization of $23.39 billion, a P/E ratio of 28.77, a P/E/G ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $126.57 and a 12-month high of $210.70.

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

Analyst Ratings Changes

A number of research firms recently issued reports on CHKP. 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 research note on Tuesday, September 24th. Royal Bank of Canada lifted their target price on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Scotiabank lifted their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Finally, BMO Capital Markets boosted their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $194.67.

Check Point Software Technologies Profile

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.