Crestline Management LP Takes $1.24 Million Position in Check Point Software Technologies (CHKP)

Crestline Management LP acquired a new position in shares of Check Point Software Technologies (NASDAQ:CHKP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,950 shares of the technology company’s stock, valued at approximately $1,238,000.

A number of other hedge funds have also recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. increased its position in Check Point Software Technologies by 20.7% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 587,674 shares of the technology company’s stock worth $60,894,000 after buying an additional 100,732 shares during the period. Teachers Advisors LLC increased its position in Check Point Software Technologies by 1.3% during the 4th quarter. Teachers Advisors LLC now owns 116,187 shares of the technology company’s stock worth $12,039,000 after buying an additional 1,442 shares during the period. Captrust Financial Advisors bought a new position in Check Point Software Technologies during the 4th quarter worth $349,000. Raymond James & Associates increased its position in Check Point Software Technologies by 1.6% during the 4th quarter. Raymond James & Associates now owns 199,895 shares of the technology company’s stock worth $20,713,000 after buying an additional 3,130 shares during the period. Finally, Earnest Partners LLC bought a new position in Check Point Software Technologies during the 4th quarter worth $100,959,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.

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Check Point Software Technologies stock traded down $1.79 during midday trading on Friday, reaching $98.56. The company’s stock had a trading volume of 840,195 shares, compared to its average volume of 900,565. Check Point Software Technologies has a 52 week low of $95.03 and a 52 week high of $119.20. The stock has a market cap of $16,401.49, a PE ratio of 20.16, a P/E/G ratio of 1.97 and a beta of 0.65.

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

A number of brokerages recently commented on CHKP. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Wells Fargo cut Check Point Software Technologies from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $103.41 to $117.00 in a research report on Thursday, February 1st. JPMorgan Chase cut Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 price target on the stock. in a research report on Tuesday, December 12th. Finally, Cleveland Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned 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.

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Check Point Software Technologies Profile

Check Point Software Technologies Ltd. provides hardware and software products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides security gateways to protect the networks and prevent the threats of enterprises, data centers, and small and large branch offices; security gateway appliances, including platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and security management software, which offers security management through a single console that streamlines security operations and provides visibility into policy administration and threat analysis.

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

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