Swiss National Bank decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 265,000 shares of the technology company's stock after selling 3,200 shares during the quarter. Swiss National Bank owned 0.24% of Check Point Software Technologies worth $51,095,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies during the third quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Check Point Software Technologies during the second quarter worth approximately $30,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the third quarter worth approximately $37,000. Arrow Financial Corp raised its holdings in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock worth $50,000 after purchasing an additional 100 shares in the last quarter. 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.
CHKP has been the topic of a number of research reports. Bank of America lowered shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Royal Bank of Canada restated a "sector perform" rating and set a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $197.74.
View Our Latest Stock Report on CHKP
Shares of NASDAQ CHKP opened at $176.83 on Thursday. The firm has a market capitalization of $19.45 billion, a P/E ratio of 24.16, a PEG ratio of 2.97 and a beta of 0.63. Check Point Software Technologies Ltd. has a one year low of $142.60 and a one year high of $210.70. The company's fifty day moving average is $190.65 and its two-hundred day moving average is $176.76.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 EPS. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.
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.
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