Axa S.A. decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 57.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,186 shares of the technology company's stock after selling 87,626 shares during the quarter. Axa S.A. owned about 0.06% of Check Point Software Technologies worth $10,921,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of CHKP. Tidal Investments LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter valued at about $6,558,000. Principal Financial Group Inc. raised its stake in Check Point Software Technologies by 69.3% during the 4th quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company's stock valued at $4,129,000 after acquiring an additional 11,064 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Check Point Software Technologies during the 1st quarter valued at approximately $1,095,000. Envestnet Asset Management Inc. lifted its position in Check Point Software Technologies by 4.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 379,889 shares of the technology company's stock worth $58,043,000 after acquiring an additional 17,916 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Check Point Software Technologies by 8.2% in the 1st 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. Institutional investors and hedge funds own 87.62% of the company's stock.
Several equities research analysts recently weighed in on the company. Scotiabank increased their price target on 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. Robert W. Baird raised their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Susquehanna boosted their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a "positive" rating in a research note on Thursday, July 25th. Evercore ISI upgraded shares of Check Point Software Technologies to a "hold" rating in a research report on Monday, September 16th. Finally, Wedbush lifted their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $184.47.
Get Our Latest Analysis on CHKP
Shares of CHKP stock opened at $193.04 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $196.56. The firm's 50-day simple moving average is $186.27 and its 200-day simple moving average is $168.74. The firm has a market cap of $21.80 billion, a P/E ratio of 26.81, a PEG ratio of 3.05 and a beta of 0.62.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 EPS. Analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.
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.
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