ASR Vermogensbeheer N.V. Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

ASR Vermogensbeheer N.V. purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,177 shares of the technology company’s stock, valued at approximately $4,143,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHKP. Greykasell Wealth Strategies Inc. purchased a new stake in Check Point Software Technologies during the first quarter valued at approximately $126,000. Vanguard Group Inc. boosted its position in shares of Check Point Software Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 307,391 shares of the technology company’s stock worth $70,061,000 after purchasing an additional 2,281 shares in the last quarter. Costello Asset Management INC purchased a new position in Check Point Software Technologies during the 1st quarter worth $62,000. Cary Street Partners Financial LLC increased its position in Check Point Software Technologies by 4.6% during the 1st quarter. Cary Street Partners Financial LLC now owns 2,523 shares of the technology company’s stock valued at $575,000 after buying an additional 110 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in Check Point Software Technologies by 214.6% in the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after buying an additional 589,816 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CHKP shares. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research note on Wednesday, July 30th. Jefferies Financial Group dropped their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Mizuho raised their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Scotiabank lowered their price objective on shares of Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 31st. Finally, Wells Fargo & Company cut their target price on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $228.08.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $185.03 on Friday. The stock has a market capitalization of $20.35 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.83 and a beta of 0.59. The company’s fifty day moving average price is $217.54 and its 200 day moving average price is $217.97. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same quarter last year, the business earned $2.17 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.