Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Front Barnett Associates LLC

Front Barnett Associates LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,023 shares of the technology company’s stock after purchasing an additional 2,205 shares during the quarter. Check Point Software Technologies accounts for 1.8% of Front Barnett Associates LLC’s holdings, making the stock its 18th largest holding. Front Barnett Associates LLC owned about 0.07% of Check Point Software Technologies worth $11,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its position in shares of Check Point Software Technologies by 24.8% during the 2nd quarter. Schroder Investment Management Group now owns 2,390,128 shares of the technology company’s stock worth $276,323,000 after acquiring an additional 474,495 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of Check Point Software Technologies by 7.3% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 5,238,000 shares of the technology company’s stock worth $573,561,000 after acquiring an additional 358,000 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth about $30,769,000. Altshuler Shaham Ltd boosted its position in shares of Check Point Software Technologies by 21.3% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,513,667 shares of the technology company’s stock worth $174,995,000 after acquiring an additional 265,646 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth about $29,645,000. 70.84% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ CHKP traded up $0.83 during trading hours on Friday, reaching $115.42. The stock had a trading volume of 692,100 shares, compared to its average volume of 969,194. The firm has a market cap of $17.26 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.42 and a beta of 0.78. Check Point Software Technologies Ltd. has a fifty-two week low of $98.57 and a fifty-two week high of $132.76. The firm has a 50-day moving average of $109.68 and a 200-day moving average of $112.71.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.04. The firm had revenue of $490.91 million during the quarter, compared to the consensus estimate of $490.94 million. Check Point Software Technologies had a return on equity of 21.86% and a net margin of 40.05%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 EPS. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 5.51 EPS for the current fiscal year.

A number of brokerages recently issued reports on CHKP. Piper Jaffray Companies began coverage on Check Point Software Technologies in a research report on Friday. They issued a “neutral” rating and a $117.00 target price for the company. Barclays decreased their target price on Check Point Software Technologies from $127.00 to $116.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. William Blair reissued an “outperform” rating on shares of Check Point Software Technologies in a research report on Tuesday, October 29th. SunTrust Banks began coverage on Check Point Software Technologies in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $115.00 target price for the company. Finally, OTR Global reissued a “negative” rating on shares of Check Point Software Technologies in a research report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $118.47.

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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