Tokio Marine Asset Management Co. Ltd. Purchases 415 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,791 shares of the technology company’s stock after acquiring an additional 415 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Check Point Software Technologies were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in Check Point Software Technologies by 50.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,288 shares of the technology company’s stock valued at $4,476,000 after buying an additional 9,180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Check Point Software Technologies by 19.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 48,822 shares of the technology company’s stock valued at $8,007,000 after acquiring an additional 8,012 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Check Point Software Technologies during the first quarter worth about $211,000. Blair William & Co. IL increased its position in shares of Check Point Software Technologies by 4.6% in the first quarter. Blair William & Co. IL now owns 18,168 shares of the technology company’s stock worth $2,980,000 after purchasing an additional 794 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Check Point Software Technologies by 5.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 285,417 shares of the technology company’s stock valued at $46,853,000 after purchasing an additional 14,409 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Susquehanna lifted their price target on 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 upped 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. Finally, Truist Financial raised their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Stock Down 1.9 %

Shares of Check Point Software Technologies stock opened at $174.25 on Friday. The company has a market cap of $19.16 billion, a PE ratio of 23.80, a P/E/G ratio of 3.02 and a beta of 0.63. The business has a 50 day moving average of $191.52 and a 200 day moving average of $176.05. Check Point Software Technologies Ltd. has a 52 week low of $139.55 and a 52 week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the firm posted $1.80 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current 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.