FDx Advisors Inc. Has $2.31 Million Position in Check Point Software Technologies Ltd. (CHKP)

FDx Advisors Inc. increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,288 shares of the technology company’s stock after purchasing an additional 640 shares during the period. FDx Advisors Inc.’s holdings in Check Point Software Technologies were worth $2,309,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Synovus Financial Corp raised its position in Check Point Software Technologies by 21.6% in the 4th quarter. Synovus Financial Corp now owns 15,296 shares of the technology company’s stock worth $1,583,000 after buying an additional 2,718 shares during the last quarter. American International Group Inc. raised its position in Check Point Software Technologies by 5.3% in the 4th quarter. American International Group Inc. now owns 27,661 shares of the technology company’s stock worth $2,866,000 after buying an additional 1,381 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Check Point Software Technologies by 48.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,191,511 shares of the technology company’s stock worth $123,464,000 after buying an additional 391,569 shares during the last quarter. Trustcore Financial Services LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth about $218,000. Finally, Tower Research Capital LLC TRC raised its position in Check Point Software Technologies by 556.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,441 shares of the technology company’s stock worth $253,000 after buying an additional 2,069 shares during the last quarter. Institutional investors own 68.46% of the company’s stock.

A number of brokerages have weighed in on CHKP. Zacks Investment Research lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. decreased their target price on Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Wells Fargo & Co lowered Check Point Software Technologies from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $103.41 to $117.00 in a research report on Thursday, February 1st. Northland Securities set a $120.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada decreased their target price on Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and five have assigned a buy rating to the company’s stock. Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $113.67.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $102.60 on Friday. The stock has a market cap of $16,836.25, a P/E ratio of 21.29, a P/E/G ratio of 2.02 and a beta of 0.57. Check Point Software Technologies Ltd. has a fifty-two week low of $95.03 and a fifty-two week high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.20. The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $508.66 million. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 EPS. analysts anticipate that Check Point Software Technologies Ltd. will post 5.26 EPS for the current year.

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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.

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

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