Marquette Asset Management LLC Acquires New Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Marquette Asset Management LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,635 shares of the technology company’s stock, valued at approximately $315,000.

A number of other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake 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 worth $912,070,000 after acquiring an additional 114,938 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after purchasing an additional 391,983 shares in the last quarter. Boston Partners lifted its holdings 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 valued at $594,169,000 after purchasing an additional 419,404 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of Check Point Software Technologies by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after purchasing an additional 39,092 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Check Point Software Technologies by 3.0% during the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after buying an additional 77,849 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CHKP shares. Susquehanna increased their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Jefferies Financial Group lifted their target price on shares of 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. Wedbush boosted their target price on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $184.47.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $197.54 on Wednesday. The firm has a 50-day simple moving average of $188.35 and a two-hundred day simple moving average of $170.11. Check Point Software Technologies Ltd. has a fifty-two week low of $126.57 and a fifty-two week high of $197.81. The company has a market cap of $22.30 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62.

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

About Check Point Software Technologies

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.