KBC Group NV Raises Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

KBC Group NV increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 244.6% during the 4th quarter, HoldingsChannel reports. The firm owned 94,770 shares of the technology company’s stock after buying an additional 67,272 shares during the period. KBC Group NV’s holdings in Check Point Software Technologies were worth $14,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. APG Asset Management US Inc. purchased a new stake in Check Point Software Technologies in the fourth quarter worth approximately $2,863,000. California State Teachers Retirement System boosted its holdings in Check Point Software Technologies by 3.8% in the fourth quarter. California State Teachers Retirement System now owns 134,342 shares of the technology company’s stock worth $20,526,000 after purchasing an additional 4,881 shares during the last quarter. United Community Bank purchased a new stake in Check Point Software Technologies in the fourth quarter worth approximately $489,000. Capstone Investment Advisors LLC boosted its holdings in Check Point Software Technologies by 301.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 9,773 shares of the technology company’s stock worth $1,493,000 after purchasing an additional 7,338 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Check Point Software Technologies by 2.4% in the fourth quarter. Allianz Asset Management GmbH now owns 35,307 shares of the technology company’s stock worth $5,395,000 after purchasing an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Scotiabank lifted their price target on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, February 7th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, April 26th. Royal Bank of Canada lifted their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. Finally, Truist Financial lifted their price target on shares of 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $169.18.

Read Our Latest Report on Check Point Software Technologies

Check Point Software Technologies Stock Up 0.4 %

NASDAQ CHKP traded up $0.65 on Tuesday, reaching $151.72. The company had a trading volume of 23,030 shares, compared to its average volume of 710,247. The stock has a market capitalization of $17.13 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $122.11 and a 12 month high of $168.82. The firm’s 50 day moving average price is $155.99 and its 200 day moving average price is $155.83.

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

Check Point Software Technologies 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

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report).

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.