Train Babcock Advisors LLC Sells 1,088 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Train Babcock Advisors LLC reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,927 shares of the technology company’s stock after selling 1,088 shares during the quarter. Check Point Software Technologies makes up about 2.6% of Train Babcock Advisors LLC’s portfolio, making the stock its 9th biggest holding. Train Babcock Advisors LLC’s holdings in Check Point Software Technologies were worth $5,899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zions Bancorporation raised its holdings in Check Point Software Technologies by 3,700.0% in the 3rd quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock valued at $100,000 after acquiring an additional 851 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $100,000. Acrospire Investment Management LLC raised its holdings in Check Point Software Technologies by 150.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after acquiring an additional 600 shares in the last quarter. Fiduciary Trust Co. acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $145,000. Finally, Tower Research Capital LLC TRC acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $155,000. Institutional investors own 71.73% of the company’s stock.

Several equities analysts have weighed in on CHKP shares. Jefferies Group reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a report on Thursday, October 19th. Royal Bank of Canada reissued a “hold” rating and set a $105.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 18th. OTR Global cut Check Point Software Technologies to a “positive” rating in a report on Tuesday, October 17th. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Stephens upped their target price on Check Point Software Technologies from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $113.60.

Check Point Software Technologies Ltd. (CHKP) traded down $0.51 during mid-day trading on Wednesday, reaching $102.49. The company had a trading volume of 1,625,000 shares, compared to its average volume of 1,223,260. The firm has a market cap of $16,750.00, a P/E ratio of 21.90, a P/E/G ratio of 2.03 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $88.91 and a fifty-two week high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 31st. The technology company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Check Point Software Technologies had a return on equity of 22.46% and a net margin of 42.80%. equities analysts predict that Check Point Software Technologies Ltd. will post 4.82 EPS for the current fiscal year.

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Check Point Software Technologies Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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

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