Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,641 shares of the technology company’s stock after buying an additional 10,861 shares during the quarter. Franklin Resources Inc. owned about 0.15% of Check Point Software Technologies worth $34,665,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the third quarter worth approximately $27,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies in the 3rd quarter worth $37,000. Arrow Financial Corp grew its holdings in shares of Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth $60,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $181.09 on Thursday. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 3.21 and a beta of 0.63. The business has a 50 day simple moving average of $187.44 and a 200 day simple moving average of $181.48. 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 quarterly 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 net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the prior year, the business posted $1.80 EPS. Check Point Software Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Jefferies Financial Group increased their price target 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. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Wedbush upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Evercore ISI raised their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Barclays cut their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $199.05.

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.