Sterling Capital Management LLC Sells 7,495 Shares of Check Point Software Technologies Ltd. (CHKP)

Sterling Capital Management LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 552,320 shares of the technology company’s stock after selling 7,495 shares during the period. Sterling Capital Management LLC’s holdings in Check Point Software Technologies were worth $64,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $105,000. Fort L.P. purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $120,000. Steward Partners Investment Advisory LLC raised its stake in shares of Check Point Software Technologies by 50.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock valued at $165,000 after purchasing an additional 566 shares during the period. Legacy Financial Advisors Inc. raised its stake in shares of Check Point Software Technologies by 1,650.0% during the second quarter. Legacy Financial Advisors Inc. now owns 1,645 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,551 shares during the period. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $211,000. Institutional investors own 67.10% of the company’s stock.

CHKP stock traded down $0.44 during trading on Friday, hitting $110.94. 171,582 shares of the company’s stock traded hands, compared to its average volume of 1,333,983. Check Point Software Technologies Ltd. has a 52 week low of $93.76 and a 52 week high of $120.81. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 2.13 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, October 24th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.02. Check Point Software Technologies had a net margin of 43.35% and a return on equity of 23.04%. The firm had revenue of $470.80 million during the quarter, compared to analyst estimates of $465.94 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 5.2 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on CHKP. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Monday, August 6th. Credit Suisse Group lifted their price target on shares of Check Point Software Technologies from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. BidaskClub lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $108.00 to $130.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. Finally, BTIG Research upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th. Nineteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $115.33.

About Check Point Software Technologies

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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