Robeco Institutional Asset Management B.V. Grows Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Robeco Institutional Asset Management B.V. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,687,393 shares of the technology company’s stock after buying an additional 46,713 shares during the period. Check Point Software Technologies accounts for about 0.7% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 22nd largest position. Robeco Institutional Asset Management B.V.’s holdings in Check Point Software Technologies were worth $384,591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHKP. Sowell Financial Services LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at approximately $301,000. Assenagon Asset Management S.A. lifted its holdings in shares of Check Point Software Technologies by 184.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company’s stock valued at $13,149,000 after purchasing an additional 37,407 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Check Point Software Technologies by 19.1% during the 1st quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company’s stock valued at $557,000 after purchasing an additional 391 shares during the last quarter. World Investment Advisors boosted its position in shares of Check Point Software Technologies by 4.4% in the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company’s stock worth $5,609,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Daymark Wealth Partners LLC purchased a new position in Check Point Software Technologies during the 1st quarter worth $452,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on CHKP shares. BMO Capital Markets reiterated an “outperform” rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Finally, Mizuho upped their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $232.44.

Check Point Software Technologies Stock Down 0.3%

Check Point Software Technologies stock opened at $218.93 on Thursday. The business’s 50-day moving average price is $220.25 and its 200 day moving average price is $212.13. The firm has a market cap of $24.08 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66. Check Point Software Technologies Ltd. has a 52 week low of $153.88 and a 52 week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analysts’ expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $2.04 EPS. Equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Check Point Software Technologies Company 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.