Robeco Institutional Asset Management B.V. Acquires 177,104 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,836,799 shares of the technology company’s stock after buying an additional 177,104 shares during the quarter. Check Point Software Technologies comprises approximately 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 25th largest holding. Robeco Institutional Asset Management B.V. owned about 1.63% of Check Point Software Technologies worth $354,153,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CHKP. Bleakley Financial Group LLC boosted its holdings in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after purchasing an additional 57 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Check Point Software Technologies by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after buying an additional 66 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Check Point Software Technologies by 1.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock worth $1,042,000 after buying an additional 66 shares during the last quarter. Heritage Family Offices LLP grew its holdings in shares of Check Point Software Technologies by 1.6% in the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after acquiring an additional 77 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its position in shares of Check Point Software Technologies by 1.3% during the second quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 1.6 %

CHKP stock opened at $170.50 on Monday. The firm has a 50 day moving average of $194.47 and a 200-day moving average of $174.99. The firm has a market capitalization of $18.75 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.96 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $134.72 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the business posted $1.80 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Susquehanna boosted their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Evercore ISI raised their price target 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. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $197.74.

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.