Fisher Asset Management LLC boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 42,340 shares of the technology company’s stock after buying an additional 40 shares during the period. Fisher Asset Management LLC’s holdings in Check Point Software Technologies were worth $4,618,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Putnam Investments LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $201,000. Quadrature Capital Ltd boosted its position in Check Point Software Technologies by 346.6% in the fourth quarter. Quadrature Capital Ltd now owns 11,997 shares of the technology company’s stock valued at $1,013,000 after buying an additional 9,311 shares in the last quarter. Teachers Advisors LLC boosted its position in Check Point Software Technologies by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 102,913 shares of the technology company’s stock valued at $8,692,000 after buying an additional 8,174 shares in the last quarter. Harding Loevner LP boosted its position in Check Point Software Technologies by 31.8% in the first quarter. Harding Loevner LP now owns 5,565,861 shares of the technology company’s stock valued at $571,391,000 after buying an additional 1,342,443 shares in the last quarter. Finally, Nepsis Capital Management Inc. bought a new position in Check Point Software Technologies during the first quarter valued at $5,314,000. 72.42% of the stock is currently owned by institutional investors.
Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 107.41 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $116.63. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 24.90 and a beta of 0.73. The company’s 50 day moving average is $112.06 and its 200 day moving average is $103.93.
Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a net margin of 41.75% and a return on equity of 21.53%. Check Point Software Technologies’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.
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Several research analysts have weighed in on CHKP shares. Jefferies Group LLC reissued a “buy” rating and issued a $118.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 27th. BTIG Research reissued a “buy” rating and issued a $118.00 price target on shares of Check Point Software Technologies in a report on Monday, April 24th. Cleveland Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a report on Monday, April 24th. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $87.00 to $107.00 in a report on Tuesday, April 18th. Nineteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $107.99.
Check Point Software Technologies Company Profile
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.
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