UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $211.11 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 73.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,094,887 shares of the technology company’s stock after acquiring an additional 464,821 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Check Point Software Technologies were worth $211,105,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC bought a new position in Check Point Software Technologies during the 3rd quarter worth $1,599,000. M&G Plc increased its position in shares of Check Point Software Technologies by 10.0% in the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock worth $17,894,000 after purchasing an additional 9,830 shares during the period. Milestone Asset Management LLC acquired a new position in Check Point Software Technologies in the second quarter valued at about $1,357,000. Assenagon Asset Management S.A. lifted its position in Check Point Software Technologies by 110.1% during the second quarter. Assenagon Asset Management S.A. now owns 55,903 shares of the technology company’s stock worth $9,224,000 after purchasing an additional 29,298 shares during the period. Finally, Martin Investment Management LLC grew its stake in Check Point Software Technologies by 2.0% during the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after buying an additional 3,225 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHKP shares. Robert W. Baird dropped their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Barclays reduced their target price on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Stock Up 0.2 %

Shares of Check Point Software Technologies stock opened at $182.00 on Friday. The stock has a market cap of $20.02 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.10 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $143.28 and a twelve month high of $210.70. The company’s fifty day moving average is $189.23 and its 200 day moving average is $178.21.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal year.

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.