Loomis Sayles & Co. L P Purchases 1,313 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Loomis Sayles & Co. L P grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,734 shares of the technology company’s stock after buying an additional 1,313 shares during the period. Loomis Sayles & Co. L P’s holdings in Check Point Software Technologies were worth $11,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC increased its position in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after acquiring an additional 57 shares during the period. Brighton Jones LLC raised its position in shares of Check Point Software Technologies by 5.2% in the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after buying an additional 66 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Check Point Software Technologies by 1.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after buying an additional 66 shares during the period. HF Advisory Group LLC grew its position in Check Point Software Technologies by 1.2% during the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock worth $1,169,000 after buying an additional 73 shares in the last quarter. Finally, Heritage Family Offices LLP increased its stake in Check Point Software Technologies by 1.6% during the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $181.51 on Wednesday. Check Point Software Technologies Ltd. has a 1 year low of $143.28 and a 1 year high of $210.70. The firm has a market cap of $19.96 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.63. The company has a 50 day simple moving average of $189.82 and a 200 day simple moving average of $177.74.

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

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Robert W. Baird cut their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Barclays decreased their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Evercore ISI upped their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $197.74.

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.