Diversified Trust Co Purchases 938 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Diversified Trust Co lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,776 shares of the technology company’s stock after purchasing an additional 938 shares during the period. Diversified Trust Co’s holdings in Check Point Software Technologies were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CHKP. Morningstar Investment Services LLC grew its holdings in Check Point Software Technologies by 98.5% during the 4th quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock worth $148,080,000 after acquiring an additional 481,626 shares during the last quarter. Swedbank AB bought a new stake in shares of Check Point Software Technologies in the first quarter worth $69,487,000. Boston Partners raised its position in Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after purchasing an additional 419,404 shares during the last quarter. Norges Bank acquired a new stake in Check Point Software Technologies during the 4th quarter valued at approximately $29,801,000. Finally, Bessemer Group Inc. raised its holdings in Check Point Software Technologies by 2,173.6% during the 1st quarter. Bessemer Group Inc. now owns 124,024 shares of the technology company’s stock worth $20,342,000 after purchasing an additional 118,569 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded up $0.61 during trading on Wednesday, reaching $182.87. 14,412 shares of the stock traded hands, compared to its average volume of 707,992. The stock has a market capitalization of $20.65 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.84 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $186.75. The company has a 50-day moving average of $168.80 and a 200-day moving average of $162.19.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period last year, the firm earned $1.74 EPS. Check Point Software Technologies’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Stifel Nicolaus decreased their price target on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. Jefferies Financial Group lifted their price target on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.68.

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.