Unterberg Capital LLC Raises Holdings in Check Point Software Technologies Ltd. (CHKP)

Unterberg Capital LLC raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 60.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,000 shares of the technology company’s stock after acquiring an additional 15,000 shares during the quarter. Check Point Software Technologies makes up 5.1% of Unterberg Capital LLC’s portfolio, making the stock its 8th largest holding. Unterberg Capital LLC’s holdings in Check Point Software Technologies were worth $4,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CHKP. Harding Loevner LP raised its holdings in shares of Check Point Software Technologies by 3,559.4% in the third quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock valued at $495,041,000 after buying an additional 208,440,017 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Check Point Software Technologies by 4.2% in the third quarter. Schroder Investment Management Group now owns 5,513,142 shares of the technology company’s stock valued at $619,512,000 after buying an additional 220,009 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Check Point Software Technologies by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,008,260 shares of the technology company’s stock valued at $518,956,000 after buying an additional 117,950 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Check Point Software Technologies by 11.8% in the fourth quarter. APG Asset Management N.V. now owns 2,850,228 shares of the technology company’s stock valued at $245,953,000 after buying an additional 301,417 shares during the last quarter. Finally, BT Investment Management Ltd raised its holdings in shares of Check Point Software Technologies by 11.6% in the fourth quarter. BT Investment Management Ltd now owns 1,845,651 shares of the technology company’s stock valued at $191,246,000 after buying an additional 192,108 shares during the last quarter. 68.46% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Wells Fargo & Co cut Check Point Software Technologies from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $103.41 to $117.00 in a report on Thursday, February 1st. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $105.00 price target (down from $110.00) on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $115.00 price target on shares of Check Point Software Technologies in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and five have issued a buy rating to the company. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $113.67.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $103.28 on Tuesday. The firm has a market capitalization of $16,880.00, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. Check Point Software Technologies Ltd. has a twelve month low of $95.03 and a twelve month high of $119.20.

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

TRADEMARK VIOLATION WARNING: “Unterberg Capital LLC Raises Holdings in Check Point Software Technologies Ltd. (CHKP)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/02/20/unterberg-capital-llc-raises-holdings-in-check-point-software-technologies-ltd-chkp.html.

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)

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply