Daiwa Securities Group Inc. Purchases 142 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Daiwa Securities Group Inc. grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 1.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,580 shares of the technology company’s stock after purchasing an additional 142 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Check Point Software Technologies were worth $1,407,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Nordea Investment Management AB boosted its holdings in Check Point Software Technologies by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after buying an additional 77,849 shares during the period. Moloney Securities Asset Management LLC purchased a new position in shares of Check Point Software Technologies in the first quarter valued at $685,000. Janney Montgomery Scott LLC raised its stake in shares of Check Point Software Technologies by 19.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,330 shares of the technology company’s stock valued at $3,826,000 after purchasing an additional 3,822 shares during the period. BNP Paribas Financial Markets lifted its holdings in Check Point Software Technologies by 11.5% during the 1st quarter. BNP Paribas Financial Markets now owns 96,302 shares of the technology company’s stock worth $15,794,000 after purchasing an additional 9,971 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Check Point Software Technologies by 31.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 342,750 shares of the technology company’s stock worth $56,214,000 after purchasing an additional 82,045 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $169.89 on Wednesday. The company’s 50 day moving average price is $156.03 and its 200-day moving average price is $158.40. Check Point Software Technologies Ltd. has a 52-week low of $122.86 and a 52-week high of $170.92. The stock has a market capitalization of $19.18 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.67 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The business had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. As a group, equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen increased their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a report on Friday, April 26th. Mizuho reaffirmed a “neutral” rating and issued a $160.00 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. KeyCorp raised Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Finally, Barclays upped their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.18.

Get Our Latest Report on CHKP

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.

Further Reading

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

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