GAM Holding AG increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 57.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 110,159 shares of the technology company’s stock after buying an additional 40,358 shares during the period. GAM Holding AG owned approximately 0.07% of Check Point Software Technologies worth $12,018,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock valued at $155,000 after buying an additional 36 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares during the last quarter. Parallel Advisors LLC boosted its stake in Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares during the last quarter. Trust Co. of Vermont boosted its stake in Check Point Software Technologies by 6.0% in the first quarter. Trust Co. of Vermont now owns 1,775 shares of the technology company’s stock valued at $182,000 after buying an additional 100 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in Check Point Software Technologies during the first quarter valued at $203,000. 71.65% of the stock is currently owned by institutional investors and hedge funds.
Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 108.91 on Wednesday. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The stock has a market cap of $17.79 billion, a PE ratio of 24.16 and a beta of 0.72. The stock has a 50 day moving average price of $108.79 and a 200-day moving average price of $106.12.
Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The firm had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.
WARNING: This article was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://stocknewstimes.com/2017/08/23/gam-holding-ag-buys-40358-shares-of-check-point-software-technologies-ltd-chkp.html.
Several analysts have weighed in on CHKP shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $118.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 27th. BidaskClub cut Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Cowen and Company reaffirmed a “buy” rating and issued a $113.00 price target on shares of Check Point Software Technologies in a report on Friday, July 21st. Argus reaffirmed a “buy” rating and issued a $124.00 price target (up previously from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Finally, Barclays PLC raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $95.00 to $112.00 in a report on Friday, April 28th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $109.47.
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.
Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
