Hsbc Holdings PLC Has $10.46 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hsbc Holdings PLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 63,547 shares of the technology company’s stock after selling 1,902 shares during the period. Hsbc Holdings PLC owned 0.06% of Check Point Software Technologies worth $10,462,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in CHKP. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 valued at $912,070,000 after purchasing an additional 114,938 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Check Point Software Technologies by 10.5% in the 2nd 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 during the period. Boston Partners increased its position in Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after buying an additional 419,404 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of Check Point Software Technologies by 1.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after acquiring an additional 39,092 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Check Point Software Technologies by 3.0% during the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after purchasing an additional 77,849 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

CHKP has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Robert W. Baird upped their target price on Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Evercore ISI raised Check Point Software Technologies to a “hold” rating in a report on Monday, September 16th. Wedbush upped their price objective on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Barclays lifted their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $183.68.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $195.47 on Tuesday. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $196.56. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.96 and a beta of 0.62. The business’s fifty day moving average is $184.95 and its 200-day moving average is $168.13.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. As a group, research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal year.

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.