Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2,237.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075 shares of the technology company’s stock after purchasing an additional 1,029 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Check Point Software Technologies were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in shares of Check Point Software Technologies by 50.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 110,857 shares of the technology company’s stock valued at $21,374,000 after buying an additional 37,343 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Check Point Software Technologies by 4.4% in the 3rd quarter. D.A. Davidson & CO. now owns 2,625 shares of the technology company’s stock valued at $506,000 after purchasing an additional 111 shares in the last quarter. FMR LLC increased its stake in shares of Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $419,000. Finally, Bank of Montreal Can increased its stake in shares of Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after purchasing an additional 20,866 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Barclays cut their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Truist Financial boosted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Stock Down 0.9 %

Shares of Check Point Software Technologies stock opened at $181.51 on Wednesday. The business’s fifty day moving average is $189.82 and its two-hundred day moving average is $177.74. Check Point Software Technologies Ltd. has a fifty-two week low of $143.28 and a fifty-two week high of $210.70. The firm has a market cap of $19.96 billion, a PE ratio of 24.80, a P/E/G ratio of 3.12 and a beta of 0.63.

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