Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,496 shares of the technology company’s stock after purchasing an additional 114 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Check Point Software Technologies were worth $6,651,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Check Point Software Technologies by 10.5% in the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after buying an additional 391,983 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $47,244,000. World Investment Advisors LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $51,922,000. Finally, FMR LLC grew its stake in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CHKP. Truist Financial increased their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird lowered their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on 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. Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $189.50 on Friday. The company has a 50-day moving average of $188.26 and a two-hundred day moving average of $180.18. The firm has a market cap of $20.84 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.18 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1-year low of $144.66 and a 1-year 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

About Check Point Software Technologies

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.