Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Lifted by Brighton Jones LLC

Brighton Jones LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,337 shares of the technology company’s stock after purchasing an additional 66 shares during the period. Brighton Jones LLC’s holdings in Check Point Software Technologies were worth $258,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in Check Point Software Technologies by 2.1% in the second 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 during the last quarter. Acadian Asset Management LLC grew its position in shares of Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Boston Partners increased its holdings in shares of Check Point Software Technologies by 13.1% in the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after acquiring an additional 419,404 shares during the last quarter. Ninety One UK Ltd raised its position 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 acquiring an additional 39,092 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Check Point Software Technologies by 3.0% during the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after purchasing an additional 77,849 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of a number of research reports. Truist Financial increased their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho increased their price objective 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. Wedbush lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday. Finally, Scotiabank raised their price target 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. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $194.67.

Check Point Software Technologies Trading Up 0.9 %

Shares of NASDAQ:CHKP opened at $207.16 on Friday. The company has a 50 day moving average of $195.32 and a 200-day moving average of $174.11. The firm has a market cap 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 twelve month low of $126.57 and a twelve month high of $210.70.

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