Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Meyer Handelman Co.

Meyer Handelman Co. boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,389 shares of the technology company’s stock after purchasing an additional 1,398 shares during the period. Meyer Handelman Co.’s holdings in Check Point Software Technologies were worth $7,727,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after buying an additional 177,104 shares in the last quarter. FMR LLC grew its holdings in shares of 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 worth $218,488,000 after acquiring an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Check Point Software Technologies by 73.8% during the third 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 worth $211,105,000 after purchasing an additional 464,821 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Check Point Software Technologies by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 415,097 shares of the technology company’s stock worth $68,491,000 after purchasing an additional 13,707 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Check Point Software Technologies by 14.9% during the second quarter. Sei Investments Co. now owns 394,496 shares of the technology company’s stock valued at $65,092,000 after purchasing an additional 51,073 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Stifel Nicolaus increased their price target on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Royal Bank of Canada restated a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Piper Sandler upped their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Sixteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $202.95.

Check Point Software Technologies Stock Up 0.3 %

NASDAQ:CHKP opened at $183.25 on Wednesday. The company’s 50 day moving average is $183.36 and its 200-day moving average is $185.45. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $210.70. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 3.21 and a beta of 0.63.

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, hitting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the firm posted $1.80 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts predict 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.