Mirae Asset Global Investments Co. Ltd. Has $899,000 Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mirae Asset Global Investments Co. Ltd. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,937 shares of the technology company’s stock after purchasing an additional 541 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Check Point Software Technologies were worth $899,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Check Point Software Technologies in the fourth quarter worth $428,820,000. Causeway Capital Management LLC raised its holdings in shares of Check Point Software Technologies by 33.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company’s stock worth $360,257,000 after acquiring an additional 487,823 shares during the period. First Trust Advisors LP raised its holdings in shares of Check Point Software Technologies by 17.4% during the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company’s stock worth $340,314,000 after acquiring an additional 269,925 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Check Point Software Technologies by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock worth $384,591,000 after acquiring an additional 46,713 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Check Point Software Technologies by 10.6% during the fourth quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company’s stock worth $266,930,000 after acquiring an additional 136,699 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $223.58 on Friday. The firm has a market capitalization of $24.59 billion, a PE ratio of 29.50, a P/E/G ratio of 3.20 and a beta of 0.64. The company’s 50-day moving average is $221.75 and its 200-day moving average is $213.69. Check Point Software Technologies Ltd. has a fifty-two week low of $166.56 and a fifty-two week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. The business had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 EPS. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHKP. Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a report on Thursday, March 27th. Wedbush restated an “outperform” rating and set a $240.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 24th. Mizuho lifted their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Roth Capital assumed coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $215.00 price target on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Sixteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average target price of $232.44.

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 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.