Check Point Software Technologies Ltd. (CHKP) Position Cut by Portland Global Advisors LLC

Portland Global Advisors LLC reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,827 shares of the technology company’s stock after selling 270 shares during the period. Portland Global Advisors LLC’s holdings in Check Point Software Technologies were worth $1,875,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CHKP. Ruggie Capital Group lifted its stake in Check Point Software Technologies by 650.0% in the fourth quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after acquiring an additional 260 shares during the last quarter. Ledyard National Bank boosted its position in shares of Check Point Software Technologies by 196.4% during the 4th quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after purchasing an additional 216 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Check Point Software Technologies by 45.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after purchasing an additional 112 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Check Point Software Technologies by 39,495.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock worth $39,000 after purchasing an additional 3,980,748 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 68.02% of the company’s stock.

CHKP has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Thursday. OTR Global upgraded shares of Check Point Software Technologies to a “positive” rating in a research report on Friday. BidaskClub upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th. Credit Suisse Group reiterated a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, January 29th. Finally, Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $119.53.

NASDAQ CHKP traded up $1.65 on Monday, reaching $132.05. The company had a trading volume of 16,687 shares, compared to its average volume of 916,650. The stock has a market cap of $21.31 billion, a PE ratio of 25.33, a P/E/G ratio of 2.37 and a beta of 0.79. Check Point Software Technologies Ltd. has a 1 year low of $93.76 and a 1 year high of $131.57.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.05. The firm had revenue of $526.00 million during the quarter, compared to analysts’ expectations of $518.03 million. Check Point Software Technologies had a return on equity of 22.77% and a net margin of 42.85%. Check Point Software Technologies’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 EPS. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 5.49 EPS for the current fiscal year.

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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.

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

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