Loomis Sayles & Co. L P Has $11.90 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Loomis Sayles & Co. L P increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,734 shares of the technology company’s stock after buying an additional 1,313 shares during the period. Loomis Sayles & Co. L P owned 0.06% of Check Point Software Technologies worth $11,903,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB bought a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $69,487,000. Boston Partners boosted its stake in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after acquiring an additional 419,404 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Check Point Software Technologies by 10.5% in the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after acquiring an additional 391,983 shares during the last quarter. Marshall Wace LLP acquired a new stake in Check Point Software Technologies during the 2nd quarter worth $47,244,000. Finally, Meitav Investment House Ltd. raised its position in shares of Check Point Software Technologies by 1,295.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock valued at $34,557,000 after acquiring an additional 194,595 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Wedbush upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Evercore ISI lifted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased 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 report on Tuesday, September 24th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Trading Down 0.9 %

NASDAQ:CHKP opened at $181.51 on Wednesday. The stock has a market capitalization of $19.96 billion, a PE ratio of 24.80, a P/E/G ratio of 3.10 and a beta of 0.63. The firm has a fifty day simple moving average of $189.82 and a 200 day simple moving average of $177.74. Check Point Software Technologies Ltd. has a 1-year low of $143.28 and a 1-year high of $210.70.

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

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.