BNP Paribas Financial Markets Boosts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

BNP Paribas Financial Markets boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,105 shares of the technology company's stock after buying an additional 15,248 shares during the period. BNP Paribas Financial Markets owned 0.11% of Check Point Software Technologies worth $23,544,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Check Point Software Technologies by 6.0% during the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock worth $15,507,000 after acquiring an additional 4,522 shares during the last quarter. Franklin Resources Inc. boosted its stake in Check Point Software Technologies by 7.0% during the 3rd quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company's stock worth $34,665,000 after purchasing an additional 10,861 shares during the period. GAMMA Investing LLC boosted its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Check Point Software Technologies by 13.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company's stock valued at $1,093,000 after buying an additional 675 shares during the last quarter. Finally, City State Bank purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $154,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

CHKP has been the topic of several recent research reports. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Arete Research upgraded Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Mizuho increased their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Stock Up 1.1%

Shares of CHKP traded up $2.38 during mid-day trading on Thursday, reaching $216.87. 196,029 shares of the company's stock were exchanged, compared to its average volume of 777,811. The company has a 50-day simple moving average of $219.67 and a two-hundred day simple moving average of $202.99. The company has a market cap of $23.85 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. During the same quarter last year, the business earned $2.04 earnings per share. Check Point Software Technologies's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.