DekaBank Deutsche Girozentrale Has $94.42 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

DekaBank Deutsche Girozentrale cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 568,498 shares of the technology company’s stock after selling 11,480 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Check Point Software Technologies were worth $94,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Concord Wealth Partners bought a new position in Check Point Software Technologies during the 1st quarter valued at about $31,000. Richardson Financial Services Inc. acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $33,000. Y.D. More Investments Ltd grew its position in Check Point Software Technologies by 37.0% during the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after acquiring an additional 135 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $92,000. Finally, Transcendent Capital Group LLC bought a new position in Check Point Software Technologies in the 1st quarter valued at $107,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 0.8 %

Shares of NASDAQ:CHKP traded down $1.40 during trading on Friday, reaching $180.42. 614,029 shares of the stock were exchanged, compared to its average volume of 773,675. Check Point Software Technologies Ltd. has a 12 month low of $125.68 and a 12 month high of $186.75. The stock has a 50-day moving average price of $164.79 and a 200-day moving average price of $161.12. The firm has a market cap of $20.37 billion, a PE ratio of 25.06, a PEG ratio of 2.84 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period in the previous year, the company posted $1.74 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHKP. Scotiabank lifted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 25th. Robert W. Baird raised their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Wedbush boosted their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Stifel Nicolaus reduced their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Jefferies Financial Group lifted their price target on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $183.68.

Check Point Software Technologies Company 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.