Mackenzie Financial Corp Has $5.24 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mackenzie Financial Corp lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.3% during the second quarter, HoldingsChannel.com reports. The firm owned 31,731 shares of the technology company’s stock after selling 1,440 shares during the period. Mackenzie Financial Corp’s holdings in Check Point Software Technologies were worth $5,236,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CHKP. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Check Point Software Technologies during the 2nd quarter worth about $30,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the first quarter valued at approximately $31,000. Richardson Financial Services Inc. acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $33,000. Transcendent Capital Group LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter worth approximately $107,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $117,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP opened at $188.99 on Wednesday. The firm has a market cap of $21.34 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $196.56. The business’s fifty day moving average is $187.55 and its 200-day moving average is $169.37.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. During the same period in the prior year, the firm posted $1.74 EPS. Check Point Software Technologies’s quarterly 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Jefferies Financial Group lifted their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada raised their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $184.47.

Check Point Software Technologies Company 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.