Check Point Software Technologies Ltd. (CHKP) Shares Bought by Thomas White International Ltd.

Thomas White International Ltd. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,936 shares of the technology company’s stock after acquiring an additional 1,932 shares during the quarter. Check Point Software Technologies comprises approximately 1.8% of Thomas White International Ltd.’s portfolio, making the stock its 10th biggest position. Thomas White International Ltd. owned approximately 0.07% of Check Point Software Technologies worth $10,822,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CHKP. Boston Advisors LLC boosted its holdings in shares of Check Point Software Technologies by 1.1% in the fourth quarter. Boston Advisors LLC now owns 86,305 shares of the technology company’s stock valued at $8,943,000 after acquiring an additional 930 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $553,000. Assenagon Asset Management S.A. acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $8,255,000. First Personal Financial Services lifted its holdings in shares of Check Point Software Technologies by 3.7% during the fourth quarter. First Personal Financial Services now owns 27,405 shares of the technology company’s stock worth $2,840,000 after purchasing an additional 985 shares during the period. Finally, Carderock Capital Management Inc. lifted its holdings in shares of Check Point Software Technologies by 3.5% during the fourth quarter. Carderock Capital Management Inc. now owns 36,691 shares of the technology company’s stock worth $3,802,000 after purchasing an additional 1,224 shares during the period. 66.25% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on CHKP. Wells Fargo & Co downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $103.41 to $117.00 in a report on Thursday, February 1st. JPMorgan Chase & Co. decreased their price target on Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. BidaskClub raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Friday, April 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $108.00 price target (down from $115.00) on shares of Check Point Software Technologies in a report on Thursday, April 26th. Finally, Argus downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating and increased their price target for the stock from $119.20 to $124.00 in a report on Wednesday, May 9th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and four have issued a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $109.99.

Check Point Software Technologies opened at $96.41 on Friday, Marketbeat.com reports. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1 year low of $93.76 and a 1 year high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, April 25th. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The firm 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%. Check Point Software Technologies’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. equities analysts expect that Check Point Software Technologies Ltd. will post 5.11 EPS for the current fiscal year.

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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