Deutsche Bank AG cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,856,413 shares of the technology company's stock after selling 74,823 shares during the quarter. Deutsche Bank AG owned about 1.69% of Check Point Software Technologies worth $346,592,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. Barclays PLC lifted its holdings in Check Point Software Technologies by 6.0% during the 3rd quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after purchasing an additional 4,522 shares during the last quarter. Franklin Resources Inc. lifted its holdings 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 valued at $34,665,000 after purchasing an additional 10,861 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 60 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Check Point Software Technologies by 13.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company's stock valued at $1,093,000 after purchasing an additional 675 shares during the last quarter. Finally, City State Bank acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $154,000. 98.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on CHKP shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Baird R W raised Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. BMO Capital Markets reissued an "outperform" rating and set a $250.00 target price on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $232.04.
Read Our Latest Research Report on CHKP
Check Point Software Technologies Stock Performance
Shares of NASDAQ:CHKP traded down $1.10 during midday trading on Monday, hitting $217.23. 1,132,793 shares of the stock were exchanged, compared to its average volume of 782,243. The business's 50-day moving average price is $220.18 and its 200 day moving average price is $202.74. The stock has a market capitalization of $23.89 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. During the same period in the previous year, the business earned $2.04 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.
About Check Point Software Technologies
(
Free Report)
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.
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