Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 34.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,278 shares of the technology company’s stock after acquiring an additional 4,991 shares during the quarter. Voya Investment Management LLC’s holdings in Check Point Software Technologies were worth $2,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CHKP. Cetera Advisor Networks LLC boosted its stake in shares of Check Point Software Technologies by 8.4% during the 3rd quarter. Cetera Advisor Networks LLC now owns 3,582 shares of the technology company’s stock valued at $393,000 after buying an additional 279 shares during the period. Condor Capital Management boosted its holdings in Check Point Software Technologies by 1.0% during the third quarter. Condor Capital Management now owns 27,094 shares of the technology company’s stock valued at $2,967,000 after acquiring an additional 266 shares during the period. Torray LLC increased its stake in shares of Check Point Software Technologies by 1.9% in the third quarter. Torray LLC now owns 125,922 shares of the technology company’s stock worth $13,788,000 after purchasing an additional 2,375 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Check Point Software Technologies by 6.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 241,070 shares of the technology company’s stock worth $26,398,000 after purchasing an additional 13,675 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Check Point Software Technologies by 10.5% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 242,098 shares of the technology company’s stock worth $26,510,000 after buying an additional 22,967 shares during the period. Institutional investors own 68.48% of the company’s stock.

CHKP has been the topic of a number of recent research reports. Piper Jaffray Companies started coverage on Check Point Software Technologies in a research report on Friday, November 8th. They set a “neutral” rating and a $117.00 target price on the stock. William Blair restated an “outperform” rating on shares of Check Point Software Technologies in a research note on Tuesday, October 29th. Jefferies Financial Group cut Check Point Software Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $140.00 to $115.00 in a research report on Monday, October 7th. Robert W. Baird reiterated a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Monday, October 28th. Finally, BidaskClub lowered shares of Check Point Software Technologies from a “sell” rating to a “strong sell” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $118.82.

Shares of NASDAQ:CHKP opened at $112.93 on Monday. The business’s fifty day moving average price is $113.55 and its two-hundred day moving average price is $112.39. Check Point Software Technologies Ltd. has a fifty-two week low of $98.57 and a fifty-two week high of $132.76. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Monday, October 28th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.04. Check Point Software Technologies had a return on equity of 21.86% and a net margin of 40.05%. The company had revenue of $490.91 million during the quarter, compared to analysts’ expectations of $490.94 million. During the same period last year, the business earned $1.38 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 5.51 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.

Read More: What is included in the gross domestic product?

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.