Royal Bank of Canada raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,710 shares of the technology company’s stock after buying an additional 3,211 shares during the quarter. Royal Bank of Canada owned about 0.11% of Check Point Software Technologies worth $16,159,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHKP. APG Asset Management N.V. grew its position in shares of Check Point Software Technologies by 1,144.8% during the 1st quarter. APG Asset Management N.V. now owns 2,235,672 shares of the technology company’s stock worth $251,850,000 after buying an additional 2,056,064 shares during the period. Norges Bank acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth about $139,562,000. AKO Capital LLP grew its position in shares of Check Point Software Technologies by 99.4% during the 1st quarter. AKO Capital LLP now owns 1,558,021 shares of the technology company’s stock worth $156,643,000 after buying an additional 776,543 shares during the period. TAM Capital Management Inc. acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth about $62,767,000. Finally, Renaissance Technologies LLC grew its position in shares of Check Point Software Technologies by 506.8% during the 4th quarter. Renaissance Technologies LLC now owns 495,183 shares of the technology company’s stock worth $54,946,000 after buying an additional 413,583 shares during the period. Institutional investors own 68.44% of the company’s stock.

CHKP has been the subject of several research analyst reports. BidaskClub lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Wells Fargo & Co boosted their price objective on Check Point Software Technologies from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Barclays reiterated a “hold” rating and issued a $114.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, April 28th. Mizuho reiterated a “hold” rating and issued a $107.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, April 28th. Finally, Bank of America boosted their price objective on Check Point Software Technologies from $100.00 to $102.00 and gave the company an “underperform” rating in a research report on Tuesday, April 28th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $109.79.

Shares of Check Point Software Technologies stock opened at $105.90 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $80.06 and a 12-month high of $120.99. The stock has a market cap of $15.48 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.56 and a beta of 0.64. The business’s 50 day moving average is $107.45 and its 200-day moving average is $107.55.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Check Point Software Technologies had a return on equity of 23.45% and a net margin of 41.03%. The company had revenue of $486.50 million for the quarter, compared to analysts’ expectations of $480.78 million. During the same quarter in the prior year, the business posted $1.32 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Check Point Software Technologies Ltd. will post 5.66 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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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