Check Point Software Technologies Ltd. (NASDAQ:CHKP) is Martin Investment Management LLC’s 2nd Largest Position

Martin Investment Management LLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 163,357 shares of the technology company’s stock after purchasing an additional 3,225 shares during the quarter. Check Point Software Technologies accounts for approximately 7.7% of Martin Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Martin Investment Management LLC owned 0.15% of Check Point Software Technologies worth $31,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at $200,000. BNP Paribas Financial Markets grew its position in shares of Check Point Software Technologies by 11.5% during the 1st quarter. BNP Paribas Financial Markets now owns 96,302 shares of the technology company’s stock valued at $15,794,000 after acquiring an additional 9,971 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Check Point Software Technologies by 19.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,330 shares of the technology company’s stock valued at $3,826,000 after purchasing an additional 3,822 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Check Point Software Technologies by 1.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,580 shares of the technology company’s stock worth $1,407,000 after purchasing an additional 142 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in Check Point Software Technologies by 26.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,101 shares of the technology company’s stock worth $345,000 after purchasing an additional 440 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 0.2 %

CHKP opened at $170.18 on Tuesday. The firm has a market cap of $18.72 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.91 and a beta of 0.63. The stock’s 50-day moving average price is $194.09 and its 200 day moving average price is $175.07. Check Point Software Technologies Ltd. has a 12-month low of $136.19 and a 12-month high of $210.70.

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

Wall Street Analyst Weigh In

CHKP has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Scotiabank lifted their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Evercore ISI lifted their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies 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.