Public Sector Pension Investment Board Acquires 8,200 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Public Sector Pension Investment Board raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 46,136 shares of the technology company’s stock after acquiring an additional 8,200 shares during the period. Public Sector Pension Investment Board’s holdings in Check Point Software Technologies were worth $8,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Check Point Software Technologies during the 2nd quarter valued at about $30,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies in the third quarter valued at approximately $33,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $37,000. Arrow Financial Corp grew its holdings in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies in the third quarter worth $60,000. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the subject of several analyst reports. Barclays dropped their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Robert W. Baird lowered their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Truist Financial raised their target price on 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. JPMorgan Chase & Co. upped their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Evercore ISI increased their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $182.00 on Friday. The stock has a market cap of $20.02 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.10 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $143.28 and a 1 year high of $210.70. The firm has a 50-day moving average of $189.23 and a 200 day moving average of $178.01.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.80 earnings per share. Research analysts expect that Check Point Software Technologies Ltd. will post 7.86 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.