TCW Group Inc. Boosts Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

TCW Group Inc. raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,587 shares of the technology company’s stock after buying an additional 1,573 shares during the quarter. TCW Group Inc.’s holdings in Check Point Software Technologies were worth $19,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CHKP. Ariel Investments LLC grew its holdings in shares of Check Point Software Technologies by 121.2% during the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares in the last quarter. Morningstar Investment Services LLC bought a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $65,522,000. LSV Asset Management lifted its position in Check Point Software Technologies by 1,535.7% in the 3rd quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock worth $55,156,000 after buying an additional 388,535 shares during the last quarter. Boston Trust Walden Corp lifted its position in Check Point Software Technologies by 248.8% in the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after buying an additional 218,403 shares during the last quarter. Finally, Norges Bank bought a new stake in Check Point Software Technologies in the 4th quarter worth approximately $29,801,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Up 0.3 %

CHKP stock traded up $0.45 during trading on Friday, reaching $153.95. The stock had a trading volume of 250,531 shares, compared to its average volume of 708,353. Check Point Software Technologies Ltd. has a 52 week low of $121.85 and a 52 week high of $168.82. The stock’s 50 day moving average is $157.98 and its two-hundred day moving average is $155.10. The firm has a market cap of $17.38 billion, a PE ratio of 21.32, a PEG ratio of 2.42 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last posted its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The company had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CHKP shares. Royal Bank of Canada boosted their target price on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Mizuho restated a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Stifel Nicolaus decreased their target price on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. BMO Capital Markets upped their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Finally, Truist Financial upped their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $169.18.

Get Our Latest Stock Report on Check Point Software Technologies

Check Point Software Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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