Simmons Bank Buys 1,500 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Simmons Bank lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,395 shares of the technology company’s stock after buying an additional 1,500 shares during the period. Simmons Bank’s holdings in Check Point Software Technologies were worth $5,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in Check Point Software Technologies during the first quarter valued at approximately $541,000. Russell Investments Group Ltd. boosted its stake in shares of Check Point Software Technologies by 2.7% in the 1st quarter. Russell Investments Group Ltd. now owns 222,264 shares of the technology company’s stock valued at $36,457,000 after purchasing an additional 5,901 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Check Point Software Technologies by 18.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,737 shares of the technology company’s stock worth $50,636,000 after purchasing an additional 48,401 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Check Point Software Technologies by 50.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,288 shares of the technology company’s stock worth $4,476,000 after purchasing an additional 9,180 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Check Point Software Technologies by 19.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 48,822 shares of the technology company’s stock valued at $8,007,000 after purchasing an additional 8,012 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CHKP shares. Robert W. Baird reduced their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Scotiabank increased their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Truist Financial boosted their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Susquehanna boosted their price objective on shares of 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. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Stock Down 0.3 %

Shares of CHKP stock opened at $177.81 on Wednesday. Check Point Software Technologies Ltd. has a 12 month low of $139.55 and a 12 month high of $210.70. The company’s fifty day simple moving average is $192.28 and its 200-day simple moving average is $175.86. The firm has a market cap of $19.56 billion, a PE ratio of 24.29, a P/E/G ratio of 3.04 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued 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. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 EPS. On average, equities analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal 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.