Check Point Software Technologies Ltd. (CHKP) Holdings Raised by Carnick & Kubik Group LLC

Carnick & Kubik Group LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 90.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,046 shares of the technology company’s stock after purchasing an additional 18,971 shares during the period. Carnick & Kubik Group LLC’s holdings in Check Point Software Technologies were worth $4,149,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CHKP. Vanguard Group Inc. grew its holdings in shares of Check Point Software Technologies by 6.4% in the second quarter. Vanguard Group Inc. now owns 326,478 shares of the technology company’s stock valued at $35,612,000 after purchasing an additional 19,621 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $207,000. Royal Bank of Canada grew its holdings in shares of Check Point Software Technologies by 4.7% in the second quarter. Royal Bank of Canada now owns 107,667 shares of the technology company’s stock valued at $11,744,000 after purchasing an additional 4,796 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $378,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Check Point Software Technologies by 51,396.7% in the second quarter. The Manufacturers Life Insurance Company now owns 172,514 shares of the technology company’s stock valued at $18,818,000 after purchasing an additional 172,179 shares in the last quarter. Hedge funds and other institutional investors own 71.60% of the company’s stock.

A number of research analysts recently weighed in on CHKP shares. Zacks Investment Research cut shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. cut shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 price objective for the company. in a report on Tuesday, December 12th. BTIG Research cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and issued a $100.00 price objective on shares of Check Point Software Technologies in a report on Friday, November 3rd. Finally, BidaskClub cut shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and five have given a buy rating to the stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $113.67.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $99.48 on Tuesday. The firm has a market cap of $15,991.25, a P/E ratio of 20.64, a PEG ratio of 1.92 and a beta of 0.57. Check Point Software Technologies Ltd. has a 12-month low of $95.03 and a 12-month high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.20. The business had revenue of $506.00 million during the quarter, compared to the consensus estimate of $508.66 million. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. analysts forecast that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current 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.

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

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