Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,697 shares of the technology company’s stock after purchasing an additional 515 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Check Point Software Technologies were worth $2,062,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CHKP. Cardinal Capital Management increased its position in shares of Check Point Software Technologies by 1.2% during the third quarter. Cardinal Capital Management now owns 8,335 shares of the technology company’s stock valued at $1,607,000 after buying an additional 100 shares during the period. Bleakley Financial Group LLC boosted its position in Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after acquiring an additional 57 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Check Point Software Technologies by 3.6% during the 3rd quarter. Global Retirement Partners LLC now owns 9,316 shares of the technology company’s stock worth $1,796,000 after acquiring an additional 323 shares during the period. Good Life Advisors LLC bought a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $310,000. Finally, Heritage Family Offices LLP lifted its stake in shares of Check Point Software Technologies by 1.6% in the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after purchasing an additional 77 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 0.5 %

Shares of CHKP opened at $205.28 on Tuesday. The firm has a fifty day simple moving average of $193.56 and a two-hundred day simple moving average of $173.06. The firm has a market cap of $23.18 billion, a PE ratio of 28.51, a P/E/G ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $623.19 million. During the same quarter in the previous year, the company posted $1.74 earnings per share. Check Point Software Technologies’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the topic of several recent research reports. BMO Capital Markets upped their price target on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Mizuho increased their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reissued a “buy” rating and set a $200.00 price objective (up previously from $175.00) on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Royal Bank of Canada raised their target price on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Finally, Scotiabank lifted their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $190.89.

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.