Dai ichi Life Insurance Company Ltd Sells 12,284 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Dai ichi Life Insurance Company Ltd reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 25.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 35,321 shares of the technology company’s stock after selling 12,284 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Check Point Software Technologies were worth $6,810,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CHKP. Swedbank AB bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $69,487,000. Boston Partners boosted its holdings in shares of Check Point Software Technologies by 13.1% in the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after acquiring an additional 391,983 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies in the 2nd quarter worth approximately $47,244,000. Finally, Meitav Investment House Ltd. boosted its holdings in shares of Check Point Software Technologies by 1,295.8% in the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock worth $34,557,000 after acquiring an additional 194,595 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Down 0.9 %

CHKP opened at $181.51 on Wednesday. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The company has a fifty day simple moving average of $189.82 and a 200 day simple moving average of $177.74. The stock has a market cap of $19.96 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.10 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the prior year, the company earned $1.80 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHKP. Jefferies Financial Group boosted their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $187.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Wedbush upped their price objective 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. Finally, Truist Financial upped their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $197.74.

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.