Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPGet Rating) by 34.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,306 shares of the technology company’s stock after purchasing an additional 842 shares during the quarter. Cerity Partners LLC’s holdings in Check Point Software Technologies were worth $402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its position in Check Point Software Technologies by 2.6% during the 2nd quarter. CWM LLC now owns 65,621 shares of the technology company’s stock valued at $7,991,000 after purchasing an additional 1,649 shares during the period. William Blair Investment Management LLC boosted its position in Check Point Software Technologies by 277.4% during the 1st quarter. William Blair Investment Management LLC now owns 15,116 shares of the technology company’s stock valued at $2,090,000 after purchasing an additional 11,111 shares during the period. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Check Point Software Technologies during the 2nd quarter valued at approximately $258,000. Victory Capital Management Inc. boosted its position in Check Point Software Technologies by 40.9% during the 1st quarter. Victory Capital Management Inc. now owns 67,137 shares of the technology company’s stock valued at $8,946,000 after purchasing an additional 19,497 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in Check Point Software Technologies by 13.9% during the 1st quarter. Eqis Capital Management Inc. now owns 24,118 shares of the technology company’s stock valued at $3,334,000 after purchasing an additional 2,947 shares during the period. Institutional investors and hedge funds own 67.03% of the company’s stock.

Check Point Software Technologies Stock Up 1.0 %

Shares of Check Point Software Technologies stock opened at $129.29 on Friday. The stock’s fifty day moving average is $119.07 and its 200-day moving average is $121.48. The firm has a market capitalization of $16.21 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12-month low of $107.54 and a 12-month high of $149.62.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last announced its earnings results on Thursday, October 27th. The technology company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.10. The company had revenue of $577.60 million for the quarter, compared to analyst estimates of $571.78 million. Check Point Software Technologies had a return on equity of 26.20% and a net margin of 34.35%. Check Point Software Technologies’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share. Analysts expect that Check Point Software Technologies Ltd. will post 6.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Check Point Software Technologies from $135.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, October 28th. Mizuho boosted their price target on Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, October 28th. StockNews.com began coverage on Check Point Software Technologies in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Macquarie began coverage on Check Point Software Technologies in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $129.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, October 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $136.80.

Check Point Software Technologies Company Profile

(Get Rating)

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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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

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