Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Westwood Global Investments LLC

Westwood Global Investments LLC raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 841,953 shares of the technology company’s stock after purchasing an additional 34,091 shares during the quarter. Check Point Software Technologies accounts for 6.9% of Westwood Global Investments LLC’s portfolio, making the stock its 8th largest holding. Westwood Global Investments LLC owned approximately 0.75% of Check Point Software Technologies worth $138,922,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Private Advisor Group LLC grew its position in Check Point Software Technologies by 15.1% in the fourth quarter. Private Advisor Group LLC now owns 1,970 shares of the technology company’s stock valued at $301,000 after acquiring an additional 258 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Check Point Software Technologies by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,799 shares of the technology company’s stock worth $21,665,000 after purchasing an additional 7,417 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Check Point Software Technologies by 23.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,891 shares of the technology company’s stock valued at $1,358,000 after purchasing an additional 1,697 shares during the last quarter. Principal Financial Group Inc. boosted its position in Check Point Software Technologies by 69.3% in the fourth quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock valued at $4,129,000 after buying an additional 11,064 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Check Point Software Technologies by 6.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,717 shares of the technology company’s stock worth $262,000 after buying an additional 109 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Up 2.4 %

CHKP opened at $195.17 on Monday. The stock has a market cap of $22.04 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $126.57 and a 12 month high of $195.29. The company has a fifty day simple moving average of $182.33 and a 200 day simple moving average of $166.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period in the prior year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on CHKP shares. Jefferies Financial Group boosted their target price on Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Scotiabank upped their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 25th. Wedbush raised their price objective on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $183.68.

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.