Wilmington Savings Fund Society FSB Takes $187,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Wilmington Savings Fund Society FSB bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 969 shares of the technology company’s stock, valued at approximately $187,000.

A number of other large investors have also recently added to or reduced their stakes in CHKP. 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% in 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 valued at $211,105,000 after purchasing an additional 464,821 shares during the period. Acadian Asset Management LLC grew its stake in 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 valued at $677,869,000 after buying an additional 391,983 shares during the last quarter. Marshall Wace LLP bought a new position in Check Point Software Technologies in the 2nd quarter worth $47,244,000. World Investment Advisors LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth $51,922,000. Finally, FMR LLC boosted its holdings in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 3.5 %

NASDAQ:CHKP opened at $181.09 on Thursday. The firm has a market cap of $19.92 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. The company’s 50-day moving average price is $187.44 and its two-hundred day moving average price is $181.48. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $210.70.

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 return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the business earned $1.80 EPS. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHKP. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Mizuho upped their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Wedbush upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group raised their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $199.05.

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.