Standard Life Aberdeen plc Has $325.39 Million Stake in Check Point Software Technologies Ltd. (CHKP)

Standard Life Aberdeen plc lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,140,091 shares of the technology company’s stock after selling 111,144 shares during the period. Standard Life Aberdeen plc’s holdings in Check Point Software Technologies were worth $325,392,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation raised its stake in Check Point Software Technologies by 3,700.0% during the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after buying an additional 851 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Check Point Software Technologies during the third quarter worth $201,000. Montag A & Associates Inc. bought a new position in Check Point Software Technologies during the third quarter worth $205,000. Dimensional Fund Advisors LP bought a new position in Check Point Software Technologies during the second quarter worth $207,000. Finally, Trustcore Financial Services LLC bought a new position in Check Point Software Technologies during the fourth quarter worth $218,000. 68.46% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 1st. UBS Group lifted their target price on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of Check Point Software Technologies from $123.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Credit Suisse Group reissued a “neutral” rating and set a $105.00 target price (down previously from $110.00) on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. Finally, BTIG Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.67.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down $1.07 on Wednesday, reaching $102.21. 1,162,300 shares of the company’s stock traded hands, compared to its average volume of 1,628,250. Check Point Software Technologies Ltd. has a 12-month low of $95.03 and a 12-month high of $119.20. The company has a market capitalization of $16,880.38, a P/E ratio of 21.21, a P/E/G ratio of 2.03 and a beta of 0.57.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. The firm had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $508.66 million. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. equities research analysts expect that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current year.

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

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