Swiss National Bank Has $51.10 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Swiss National Bank trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 265,000 shares of the technology company’s stock after selling 3,200 shares during the period. Swiss National Bank’s holdings in Check Point Software Technologies were worth $51,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Check Point Software Technologies during the second quarter worth about $30,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Check Point Software Technologies during the third quarter worth approximately $33,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $37,000. Arrow Financial Corp boosted its stake in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies during the third quarter worth approximately $60,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Truist Financial upped their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Wedbush boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $176.83 on Thursday. The stock has a market capitalization of $19.45 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.97 and a beta of 0.63. The business has a 50 day simple moving average of $190.65 and a 200 day simple moving average of $176.76. Check Point Software Technologies Ltd. has a one year low of $142.60 and a one year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the business posted $1.80 EPS. Check Point Software Technologies’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

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.