Milestone Asset Management LLC Acquires 160 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Milestone Asset Management LLC increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,781 shares of the technology company’s stock after buying an additional 160 shares during the quarter. Milestone Asset Management LLC’s holdings in Check Point Software Technologies were worth $333,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its stake in shares of Check Point Software Technologies by 10.7% in 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 in the last quarter. FMR LLC boosted its position in Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after buying an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Check Point Software Technologies by 73.8% during the third 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 worth $211,105,000 after buying an additional 464,821 shares during the last quarter. Swedbank AB grew its stake in shares of Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after buying an additional 4,760 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Check Point Software Technologies by 8.9% in the 3rd quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock valued at $57,563,000 after acquiring an additional 24,421 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 7.4 %

CHKP opened at $218.99 on Friday. The company has a market cap of $24.09 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. The company has a fifty day moving average price of $187.20 and a two-hundred day moving average price of $187.22. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.03.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup boosted their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday. Evercore ISI upped their price target 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. Finally, Robert W. Baird cut their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Seventeen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $206.60.

About Check Point Software Technologies

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.