Check Point Software Technologies Ltd. (CHKP) Stake Decreased by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,532 shares of the technology company’s stock after selling 3,519 shares during the period. Guggenheim Capital LLC’s holdings in Check Point Software Technologies were worth $6,611,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in shares of Check Point Software Technologies by 7.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 12,411,680 shares of the technology company’s stock valued at $1,232,978,000 after acquiring an additional 810,803 shares in the last quarter. BlackRock Inc. grew its stake in shares of Check Point Software Technologies by 3.3% during the first quarter. BlackRock Inc. now owns 5,173,811 shares of the technology company’s stock valued at $513,965,000 after acquiring an additional 165,551 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt grew its stake in shares of Check Point Software Technologies by 4.8% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,905,000 shares of the technology company’s stock valued at $487,214,000 after acquiring an additional 225,000 shares in the last quarter. FIL Ltd grew its stake in shares of Check Point Software Technologies by 50.4% during the first quarter. FIL Ltd now owns 2,590,559 shares of the technology company’s stock valued at $257,346,000 after acquiring an additional 868,345 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Check Point Software Technologies by 29.0% during the first quarter. Wells Fargo & Company MN now owns 2,121,257 shares of the technology company’s stock valued at $210,726,000 after acquiring an additional 477,013 shares in the last quarter. Institutional investors own 65.68% of the company’s stock.

Shares of NASDAQ CHKP opened at $97.68 on Monday. Check Point Software Technologies Ltd. has a 52-week low of $93.76 and a 52-week high of $119.20. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.98 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, April 25th. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. Check Point Software Technologies had a net margin of 43.15% and a return on equity of 22.83%. The firm had revenue of $452.30 million for the quarter, compared to analysts’ expectations of $452.13 million. During the same quarter last year, the company posted $1.20 earnings per share. Check Point Software Technologies’s revenue was up 3.9% on a year-over-year basis. equities analysts expect that Check Point Software Technologies Ltd. will post 5.11 EPS for the current fiscal year.

A number of equities analysts recently commented on CHKP shares. BidaskClub upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. ValuEngine downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. Argus downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating and lifted their price target for the stock from $119.20 to $124.00 in a research note on Wednesday, May 9th. Finally, Jefferies Financial Group decreased their price target on Check Point Software Technologies to $117.00 and set a “buy” rating for the company in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $109.05.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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