Bank Hapoalim BM Reduces Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bank Hapoalim BM lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.8% during the third quarter, HoldingsChannel reports. The firm owned 34,459 shares of the technology company’s stock after selling 2,116 shares during the period. Bank Hapoalim BM’s holdings in Check Point Software Technologies were worth $6,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHKP. Massachusetts Financial Services Co. MA raised its position in shares of Check Point Software Technologies by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after buying an additional 114,938 shares during the last quarter. Acadian Asset Management LLC grew its stake in Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Boston Partners grew its stake 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 valued at $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Ninety One UK Ltd raised its holdings in Check Point Software Technologies by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after acquiring an additional 39,092 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Check Point Software Technologies by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after purchasing an additional 77,849 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHKP shares. Truist Financial lifted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wedbush lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday. Robert W. Baird cut their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $174.04 on Thursday. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $129.13 and a 12 month high of $210.70. The business has a 50-day moving average of $195.21 and a 200 day moving average of $174.67.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (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 31.59% and a net margin of 33.61%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

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.