Geode Capital Management LLC Buys 18,310 Shares of Check Point Software Technologies (CHKP)

Geode Capital Management LLC grew its position in Check Point Software Technologies (NASDAQ:CHKP) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 489,737 shares of the technology company’s stock after buying an additional 18,310 shares during the period. Geode Capital Management LLC owned 0.30% of Check Point Software Technologies worth $50,684,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Harding Loevner LP lifted its stake in Check Point Software Technologies by 3,559.4% during the 3rd quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock valued at $495,041,000 after acquiring an additional 208,440,017 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Check Point Software Technologies by 48.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,191,511 shares of the technology company’s stock valued at $123,464,000 after purchasing an additional 391,569 shares in the last quarter. Atlanta Capital Management Co. L L C increased its holdings in shares of Check Point Software Technologies by 77.1% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 732,689 shares of the technology company’s stock valued at $75,921,000 after purchasing an additional 318,864 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Check Point Software Technologies by 11.8% during the 4th quarter. APG Asset Management N.V. now owns 2,850,228 shares of the technology company’s stock valued at $245,953,000 after purchasing an additional 301,417 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Check Point Software Technologies by 4.2% during the 3rd quarter. Schroder Investment Management Group now owns 5,513,142 shares of the technology company’s stock valued at $619,512,000 after purchasing an additional 220,009 shares in the last quarter. Institutional investors own 67.53% of the company’s stock.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Wells Fargo lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $103.41 to $117.00 in a report on Thursday, February 1st. JPMorgan Chase cut their price target on shares of Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Cleveland Research lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Finally, BidaskClub lowered shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $113.67.

Check Point Software Technologies stock traded down $1.79 during mid-day trading on Friday, hitting $98.56. The company had a trading volume of 840,195 shares, compared to its average volume of 900,565. The firm has a market capitalization of $16,108.94, a P/E ratio of 20.16, a P/E/G ratio of 1.93 and a beta of 0.65. Check Point Software Technologies has a 1 year low of $95.03 and a 1 year high of $119.20.

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

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About Check Point Software Technologies

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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