Garrison Financial Corp Acquires 1,134 Shares of Check Point Software Technologies Ltd. (CHKP)

Garrison Financial Corp grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,947 shares of the technology company’s stock after acquiring an additional 1,134 shares during the period. Check Point Software Technologies accounts for about 2.2% of Garrison Financial Corp’s investment portfolio, making the stock its 14th biggest position. Garrison Financial Corp’s holdings in Check Point Software Technologies were worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHKP. BB&T Investment Services Inc. bought a new position in shares of Check Point Software Technologies in the second quarter worth about $100,000. Zions Bancorporation raised its stake in shares of Check Point Software Technologies by 3,700.0% during the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after buying an additional 851 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies during the second quarter worth approximately $155,000. Archford Capital Strategies LLC raised its stake in shares of Check Point Software Technologies by 22,512.5% during the second quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after buying an additional 1,801 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $201,000. 71.60% of the stock is owned by institutional investors.

A number of research firms recently weighed in on CHKP. Northland Securities set a $120.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Wednesday, November 1st. BTIG Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Stifel Nicolaus reissued a “hold” rating and set a $100.00 price target on shares of Check Point Software Technologies in a research note on Friday, November 3rd. Finally, UBS Group boosted their price target on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.67.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up $1.35 during trading on Wednesday, hitting $100.83. 1,040,700 shares of the stock traded hands, compared to its average volume of 1,719,223. The firm has a market capitalization of $16,259.30, a PE ratio of 20.95, a PEG ratio of 1.95 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 released its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.20. The company had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $508.66 million. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 earnings per share. equities research analysts predict that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current fiscal year.

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Check Point Software Technologies Company 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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