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

Meyer Handelman Co. increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,389 shares of the technology company’s stock after acquiring an additional 1,398 shares during the quarter. Meyer Handelman Co.’s holdings in Check Point Software Technologies were worth $7,727,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Check Point Software Technologies by 73.8% in the 3rd 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 in the last quarter. Marshall Wace LLP acquired a new position in Check Point Software Technologies in the second quarter worth about $47,244,000. World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the third quarter valued at about $51,922,000. FMR LLC raised its stake 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 buying an additional 252,581 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after buying an additional 177,104 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

CHKP has been the subject of a number of research analyst reports. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Barclays lowered their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group raised their price target 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. JPMorgan Chase & Co. lifted their price target 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, October 28th. Finally, Piper Sandler increased their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Sixteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $202.95.

Check Point Software Technologies Trading Up 0.3 %

Check Point Software Technologies stock opened at $183.25 on Wednesday. The company’s 50-day moving average price is $183.36 and its two-hundred day moving average price is $185.45. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week 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. The firm 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 31.84% and a net margin of 33.17%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 earnings per share. Research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal 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.