Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,432 shares of the technology company’s stock after purchasing an additional 4,522 shares during the period. Barclays PLC’s holdings in Check Point Software Technologies were worth $15,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its position in shares of Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after buying an additional 57 shares in the last quarter. Brighton Jones LLC grew its stake in Check Point Software Technologies by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after acquiring an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Check Point Software Technologies by 1.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after acquiring an additional 66 shares in the last quarter. HF Advisory Group LLC raised its position in Check Point Software Technologies by 1.2% during the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock worth $1,169,000 after acquiring an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its holdings in shares of Check Point Software Technologies by 1.6% in the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after purchasing an additional 77 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.9 %

Shares of NASDAQ CHKP opened at $187.77 on Monday. The stock has a market capitalization of $20.65 billion, a PE ratio of 25.65, a P/E/G ratio of 3.21 and a beta of 0.63. The firm has a fifty day moving average of $188.11 and a 200-day moving average of $180.91. Check Point Software Technologies Ltd. has a 52-week low of $144.66 and a 52-week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly 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. The firm had revenue of $635.10 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of recent research reports. Evercore ISI raised their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird dropped 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 report on Wednesday, October 30th. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Wedbush lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $197.74.

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.