BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $28.78 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 48.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 149,268 shares of the technology company’s stock after selling 139,826 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Check Point Software Technologies were worth $28,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies in the 3rd quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Check Point Software Technologies during the second quarter worth about $30,000. Concord Wealth Partners bought a new position in Check Point Software Technologies during the third quarter worth about $37,000. Arrow Financial Corp boosted its holdings in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $60,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 0.1 %

NASDAQ CHKP opened at $181.75 on Friday. The firm has a market capitalization of $19.99 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63. The business’s 50-day moving average price is $190.21 and its two-hundred day moving average price is $177.00. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. The business had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. As a group, analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the subject of several recent research reports. Robert W. Baird cut their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Wedbush boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies 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.