Check Point Software Technologies Ltd. (CHKP) Stake Increased by Cwm LLC

Cwm LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2,634.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,379 shares of the technology company’s stock after buying an additional 2,292 shares during the quarter. Cwm LLC’s holdings in Check Point Software Technologies were worth $280,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Millennium Management LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth approximately $478,000. Fulton Bank N.A. increased its position in Check Point Software Technologies by 11.7% during the 2nd quarter. Fulton Bank N.A. now owns 4,706 shares of the technology company’s stock worth $460,000 after purchasing an additional 494 shares in the last quarter. State of Alaska Department of Revenue increased its position in Check Point Software Technologies by 21.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,798 shares of the technology company’s stock worth $1,543,000 after purchasing an additional 2,800 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Check Point Software Technologies by 13.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 13,100 shares of the technology company’s stock worth $1,280,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its position in Check Point Software Technologies by 13.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 57,141 shares of the technology company’s stock worth $5,582,000 after purchasing an additional 6,612 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Shares of NASDAQ CHKP opened at $111.64 on Tuesday. Check Point Software Technologies Ltd. has a 52-week low of $93.76 and a 52-week high of $120.81. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, October 24th. The technology company reported $1.38 EPS for the quarter, beating the Zacks’ 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 company had revenue of $470.80 million for the quarter, compared to analyst estimates of $465.94 million. During the same period in the prior year, the firm posted $1.30 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts predict that Check Point Software Technologies Ltd. will post 5.2 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Check Point Software Technologies to $120.00 and set a “market perform” rating for the company in a research report on Friday, October 26th. Morgan Stanley decreased their price target on shares of Check Point Software Technologies from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Thursday, October 25th. Wedbush started coverage on shares of Check Point Software Technologies in a research report on Thursday, October 18th. They issued an “outperform” rating and a $140.00 price target for the company. Robert W. Baird restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Thursday, October 18th. Finally, BidaskClub cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Nineteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $115.33.

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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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