Ashburton Jersey Ltd Raises Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ashburton Jersey Ltd lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1,583.3% during the first quarter, HoldingsChannel.com reports. The fund owned 2,525 shares of the technology company’s stock after buying an additional 2,375 shares during the quarter. Check Point Software Technologies makes up approximately 0.2% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 27th biggest holding. Ashburton Jersey Ltd’s holdings in Check Point Software Technologies were worth $319,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Check Point Software Technologies by 11.7% during the first quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock worth $736,781,000 after acquiring an additional 612,046 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Check Point Software Technologies by 39,495.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock worth $39,000 after acquiring an additional 3,980,748 shares during the period. APG Asset Management N.V. increased its position in shares of Check Point Software Technologies by 4.5% during the fourth quarter. APG Asset Management N.V. now owns 2,568,672 shares of the technology company’s stock worth $230,656,000 after acquiring an additional 111,200 shares during the period. William Blair Investment Management LLC increased its position in shares of Check Point Software Technologies by 1,576.6% during the first quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock worth $208,921,000 after acquiring an additional 1,553,162 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Check Point Software Technologies by 26.0% during the first quarter. Acadian Asset Management LLC now owns 1,630,815 shares of the technology company’s stock worth $206,281,000 after acquiring an additional 336,148 shares during the period. 71.28% of the stock is currently owned by institutional investors and hedge funds.

CHKP has been the topic of several research reports. BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 20th. Mizuho initiated coverage on shares of Check Point Software Technologies in a report on Tuesday, March 26th. They set a “neutral” rating and a $122.00 price objective on the stock. Zacks Investment Research lowered shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. OTR Global raised shares of Check Point Software Technologies to a “positive” rating in a report on Friday, April 12th. Finally, Barclays lifted their price objective on shares of Check Point Software Technologies from $120.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Seventeen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $122.00.

Shares of CHKP stock opened at $113.32 on Monday. The company has a market cap of $17.25 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.33 and a beta of 0.79. Check Point Software Technologies Ltd. has a 52-week low of $95.67 and a 52-week high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.01. The company had revenue of $471.83 million during the quarter, compared to the consensus estimate of $471.16 million. Check Point Software Technologies had a net margin of 42.05% and a return on equity of 22.41%. Check Point Software Technologies’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 5.52 EPS for the current year.

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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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