D.A. Davidson & CO. Boosts Holdings in Check Point Software Technologies Ltd. (CHKP)

D.A. Davidson & CO. grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.9% in the 4th quarter, HoldingsChannel reports. The fund owned 11,874 shares of the technology company’s stock after buying an additional 1,451 shares during the quarter. D.A. Davidson & CO.’s holdings in Check Point Software Technologies were worth $1,230,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Harding Loevner LP grew its stake 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 worth $495,041,000 after acquiring an additional 208,440,017 shares in the last quarter. Schroder Investment Management Group grew its stake 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 worth $619,512,000 after acquiring an additional 220,009 shares in the last quarter. APG Asset Management N.V. grew its stake 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 worth $245,953,000 after acquiring an additional 301,417 shares in the last quarter. BT Investment Management Ltd grew its stake 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 worth $191,246,000 after acquiring an additional 192,108 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Check Point Software Technologies by 10.2% in the third quarter. Neuberger Berman Group LLC now owns 1,655,376 shares of the technology company’s stock worth $188,746,000 after acquiring an additional 153,197 shares in the last quarter. Institutional investors and hedge funds own 68.46% of the company’s stock.

Several research firms have recently issued reports on CHKP. Barclays decreased their price objective on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 1st. Cleveland Research cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Robert W. Baird reaffirmed a “hold” rating and set a $115.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, October 27th. Finally, BidaskClub cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. One equities 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 stock. Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $113.67.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $102.21 on Wednesday. Check Point Software Technologies Ltd. has a 1 year low of $95.03 and a 1 year high of $119.20. The firm has a market cap of $16,880.38, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.03 and a beta of 0.57.

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

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About Check Point Software Technologies

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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