Bristol John W & Co. Inc. NY Takes $270,000 Position in Check Point Software Technologies Ltd. (CHKP)

Bristol John W & Co. Inc. NY bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,720 shares of the technology company’s stock, valued at approximately $270,000.

Other large investors have also recently bought and sold shares of the company. Earnest Partners LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth $100,959,000. Massachusetts Financial Services Co. MA boosted its stake in Check Point Software Technologies by 7.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,411,680 shares of the technology company’s stock worth $1,232,978,000 after purchasing an additional 810,803 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Check Point Software Technologies by 29.0% during the 1st quarter. Wells Fargo & Company MN now owns 2,121,257 shares of the technology company’s stock worth $210,726,000 after purchasing an additional 477,013 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Check Point Software Technologies by 48.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,191,511 shares of the technology company’s stock valued at $123,464,000 after acquiring an additional 391,569 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of Check Point Software Technologies by 77.1% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 732,689 shares of the technology company’s stock valued at $75,921,000 after acquiring an additional 318,864 shares during the last quarter. 66.10% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies opened at $99.94 on Friday, MarketBeat reports. The company has a market cap of $16.23 billion, a PE ratio of 20.44, a P/E/G ratio of 2.01 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12 month low of $93.76 and a 12 month high of $119.20.



Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, April 25th. The technology company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $452.30 million during the quarter, compared to analysts’ expectations of $452.13 million. Check Point Software Technologies had a return on equity of 22.83% and a net margin of 43.15%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. research analysts forecast that Check Point Software Technologies Ltd. will post 5.11 EPS for the current fiscal year.

CHKP has been the topic of several research analyst reports. UBS Group cut their price target on shares of Check Point Software Technologies from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, April 26th. ValuEngine lowered shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. Royal Bank of Canada restated a “hold” rating and set a $110.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 25th. JPMorgan Chase & Co. cut their target price on shares of Check Point Software Technologies from $113.00 to $103.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 25th. Finally, Morgan Stanley cut their target price on shares of Check Point Software Technologies from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and three have issued a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $109.05.

Check Point Software Technologies Company 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.

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

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