APG Asset Management US Inc. Increases Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

APG Asset Management US Inc. increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,917 shares of the technology company’s stock after purchasing an additional 518 shares during the quarter. APG Asset Management US Inc.’s holdings in Check Point Software Technologies were worth $4,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of Check Point Software Technologies by 69.3% during the fourth quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock valued at $4,129,000 after buying an additional 11,064 shares during the last quarter. Norges Bank purchased a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $29,801,000. D.A. Davidson & CO. boosted its stake in Check Point Software Technologies by 5.8% in the fourth quarter. D.A. Davidson & CO. now owns 2,516 shares of the technology company’s stock valued at $384,000 after acquiring an additional 139 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Check Point Software Technologies by 0.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,542 shares of the technology company’s stock worth $2,069,000 after purchasing an additional 121 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in Check Point Software Technologies by 4.0% in the fourth quarter. Advisory Services Network LLC now owns 5,100 shares of the technology company’s stock worth $779,000 after purchasing an additional 194 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Up 0.5 %

Shares of CHKP stock opened at $195.00 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $196.56. The stock has a market cap of $22.02 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.05 and a beta of 0.62. The stock has a 50 day moving average of $185.81 and a 200 day moving average of $168.56.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter last year, the company earned $1.74 EPS. The business’s revenue was up 6.6% on a year-over-year basis. On average, research analysts predict that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHKP has been the subject of several analyst reports. Robert W. Baird increased their price objective on Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Scotiabank upped their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a report on Thursday, July 25th. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $184.47.

Check Point Software Technologies Profile

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.