KBC Group NV Sells 8,313 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

KBC Group NV lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,464 shares of the technology company’s stock after selling 8,313 shares during the period. KBC Group NV owned approximately 0.10% of Check Point Software Technologies worth $21,370,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $51,922,000. FMR LLC boosted its holdings in shares of Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Check Point Software Technologies by 134.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company’s stock valued at $25,245,000 after buying an additional 75,031 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 2.4 %

CHKP opened at $202.94 on Wednesday. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $210.70. The stock has a fifty day moving average price of $186.09 and a 200-day moving average price of $186.88.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Evercore ISI boosted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday. Stifel Nicolaus boosted their target price on Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Eighteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $203.05.

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.