Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,809 shares of the technology company’s stock after acquiring an additional 87 shares during the quarter. Check Point Software Technologies accounts for about 0.6% of DGS Capital Management LLC’s holdings, making the stock its 24th biggest holding. DGS Capital Management LLC’s holdings in Check Point Software Technologies were worth $2,277,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after buying an additional 464,821 shares in the last quarter. Acadian Asset Management LLC boosted its stake in 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. Marshall Wace LLP purchased a new position in shares of Check Point Software Technologies during the second quarter worth about $47,244,000. World Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth about $51,922,000. Finally, FMR LLC lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CHKP. Truist Financial raised their price target 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 reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Mizuho lifted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada reiterated 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, Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded up $0.27 during mid-day trading on Friday, reaching $189.77. 31,972 shares of the stock were exchanged, compared to its average volume of 685,087. The stock has a market capitalization of $20.87 billion, a PE ratio of 25.89, a PEG ratio of 3.21 and a beta of 0.63. The business’s fifty day simple moving average is $188.23 and its 200 day simple moving average is $180.24. Check Point Software Technologies Ltd. has a 1-year low of $144.66 and a 1-year high of $210.70.

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 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 firm had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the prior year, the business posted $1.80 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, 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.