Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Holdings Raised by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,000 shares of the technology company’s stock after purchasing an additional 100 shares during the period. Ensign Peak Advisors Inc’s holdings in Check Point Software Technologies were worth $672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Seven Eight Capital LP acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $499,000. Lazard Asset Management LLC boosted its holdings in shares of Check Point Software Technologies by 4.8% in the 3rd quarter. Lazard Asset Management LLC now owns 237,492 shares of the technology company’s stock valued at $26,602,000 after buying an additional 10,948 shares during the period. Axiom Investors LLC DE boosted its holdings in shares of Check Point Software Technologies by 24.2% in the 2nd quarter. Axiom Investors LLC DE now owns 285,630 shares of the technology company’s stock valued at $34,784,000 after buying an additional 55,746 shares during the period. Signaturefd LLC boosted its holdings in shares of Check Point Software Technologies by 80.1% in the 3rd quarter. Signaturefd LLC now owns 5,775 shares of the technology company’s stock valued at $647,000 after buying an additional 2,568 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Check Point Software Technologies by 655.9% in the 3rd quarter. KBC Group NV now owns 11,309 shares of the technology company’s stock valued at $1,267,000 after buying an additional 9,813 shares during the period. 64.76% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $123.78 on Tuesday. The company’s 50 day simple moving average is $126.97 and its 200 day simple moving average is $124.30. Check Point Software Technologies Ltd. has a 12 month low of $107.54 and a 12 month high of $145.54. The company has a market capitalization of $15.52 billion, a P/E ratio of 19.55, a PEG ratio of 2.46 and a beta of 0.69.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last released its quarterly earnings results on Monday, February 13th. The technology company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.09. Check Point Software Technologies had a net margin of 34.20% and a return on equity of 27.22%. The business had revenue of $638.50 million for the quarter, compared to analyst estimates of $636.24 million. During the same quarter in the previous year, the business earned $2.02 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 6.94 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on CHKP shares. The Goldman Sachs Group started coverage on shares of Check Point Software Technologies in a research note on Tuesday, February 14th. They set a “buy” rating and a $148.00 target price for the company. William Blair reissued a “market perform” rating on shares of Check Point Software Technologies in a research note on Monday, February 13th. Guggenheim started coverage on shares of Check Point Software Technologies in a research note on Monday, January 23rd. They set a “neutral” rating for the company. Morgan Stanley reduced their target price on shares of Check Point Software Technologies from $125.00 to $116.00 and set an “underweight” rating for the company in a research note on Tuesday, February 14th. Finally, Wells Fargo & Company raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and set a $130.00 target price for the company in a research note on Tuesday, January 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $138.41.

Check Point Software Technologies Company Profile

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Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.