Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 25.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Check Point Software Technologies during the second quarter valued at $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies during the third quarter valued at $33,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the third quarter valued at $37,000. Arrow Financial Corp boosted its position in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies during the third quarter valued at $60,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CHKP shares. JPMorgan Chase & Co. lifted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Barclays reduced their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Mizuho boosted their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Stock Down 0.9 %

Shares of 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 firm has a market capitalization of $19.96 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 3.10 and a beta of 0.63. The stock’s 50-day moving average price is $189.82 and its 200 day moving average price is $177.74.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period in the previous year, the company posted $1.80 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

About Check Point Software Technologies

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.