Donald L. Hagan LLC Has $582,000 Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Donald L. Hagan LLC decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 19.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,017 shares of the technology company’s stock after selling 751 shares during the quarter. Donald L. Hagan LLC’s holdings in Check Point Software Technologies were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA boosted its position in shares of Check Point Software Technologies by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock worth $912,070,000 after buying an additional 114,938 shares during the period. Acadian Asset Management LLC boosted its position in Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after acquiring an additional 391,983 shares during the period. Boston Partners grew its stake in Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Check Point Software Technologies by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after purchasing an additional 39,092 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Evercore ISI boosted 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 report on Wednesday, October 30th. Scotiabank increased their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Stock Up 0.7 %

Shares of CHKP stock traded up $1.21 during trading hours on Wednesday, reaching $172.25. 88,863 shares of the company’s stock were exchanged, compared to its average volume of 692,522. The business has a fifty day moving average price of $193.74 and a 200-day moving average price of $175.17. The stock has a market capitalization of $18.94 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.91 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $136.46 and a fifty-two week high of $210.70.

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 analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 EPS. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal 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.