Larson Financial Group LLC Grows Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Larson Financial Group LLC lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,087 shares of the technology company’s stock after purchasing an additional 192 shares during the period. Larson Financial Group LLC’s holdings in Check Point Software Technologies were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in Check Point Software Technologies by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock worth $912,070,000 after acquiring an additional 114,938 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Check Point Software Technologies by 10.5% in the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Boston Partners boosted its stake in shares of Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Ninety One UK Ltd grew its holdings in Check Point Software Technologies by 1.1% in the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after purchasing an additional 39,092 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after acquiring an additional 177,104 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 0.0 %

NASDAQ CHKP opened at $181.55 on Thursday. Check Point Software Technologies Ltd. has a 1-year low of $143.28 and a 1-year high of $210.70. The company has a market capitalization of $19.97 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.63. The firm’s fifty day simple moving average is $189.67 and its 200-day simple moving average is $177.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate 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 for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. As a group, analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analyst Weigh In

CHKP has been the subject of several recent research reports. Mizuho raised their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Barclays lowered their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Truist Financial boosted their price target 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. Finally, Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $197.74.

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.