Hsbc Holdings PLC Has $11.18 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hsbc Holdings PLC raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,837 shares of the technology company's stock after purchasing an additional 12,943 shares during the period. Hsbc Holdings PLC owned 0.05% of Check Point Software Technologies worth $11,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $428,820,000. Causeway Capital Management LLC raised its stake in Check Point Software Technologies by 33.8% during the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock valued at $360,257,000 after acquiring an additional 487,823 shares in the last quarter. First Trust Advisors LP boosted its position in Check Point Software Technologies by 17.4% during the 4th quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock worth $340,314,000 after acquiring an additional 269,925 shares during the period. Geode Capital Management LLC grew its stake in shares of Check Point Software Technologies by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 849,546 shares of the technology company's stock worth $158,035,000 after purchasing an additional 27,267 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter valued at $100,456,000. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 2.0 %

Shares of CHKP traded up $4.26 during midday trading on Wednesday, reaching $219.56. 899,736 shares of the stock were exchanged, compared to its average volume of 774,398. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The firm has a 50 day simple moving average of $220.17 and a 200-day simple moving average of $202.07.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup raised their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Susquehanna boosted their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Compass Point set a $260.00 price target on Check Point Software Technologies in a research note on Thursday, March 27th. The Goldman Sachs Group downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Roth Capital began coverage on Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 target price for the company. Eighteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $232.04.

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.