Heritage Family Offices LLP Purchases 77 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Heritage Family Offices LLP increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,884 shares of the technology company’s stock after purchasing an additional 77 shares during the quarter. Heritage Family Offices LLP’s holdings in Check Point Software Technologies were worth $942,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tidal Investments LLC acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $6,558,000. Quantbot Technologies LP bought a new position in Check Point Software Technologies during the first quarter worth $1,095,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Check Point Software Technologies by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after purchasing an additional 7,357 shares during the last quarter. M&G Plc raised its position in shares of Check Point Software Technologies by 10.0% in the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after purchasing an additional 9,830 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $2,928,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 0.9 %

NASDAQ CHKP opened at $205.88 on Thursday. The firm’s 50 day simple moving average is $192.08 and its 200 day simple moving average is $172.10. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $126.57 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share 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 firm had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same period in the prior year, the company earned $1.74 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on CHKP shares. Susquehanna upped their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Wedbush lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $188.39.

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.