Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Trimmed by Koshinski Asset Management Inc.


Share on StockTwits

Koshinski Asset Management Inc. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,288 shares of the technology company’s stock after selling 222 shares during the period. Koshinski Asset Management Inc.’s holdings in Check Point Software Technologies were worth $1,633,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Trustcore Financial Services LLC grew its stake in Check Point Software Technologies by 4.1% in the 4th quarter. Trustcore Financial Services LLC now owns 2,187 shares of the technology company’s stock valued at $291,000 after buying an additional 87 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in Check Point Software Technologies by 65.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 248 shares of the technology company’s stock worth $33,000 after purchasing an additional 98 shares during the last quarter. Pzena Investment Management LLC grew its position in Check Point Software Technologies by 2.5% in the 4th quarter. Pzena Investment Management LLC now owns 4,890 shares of the technology company’s stock worth $650,000 after purchasing an additional 118 shares during the last quarter. Fulton Bank N.A. grew its position in Check Point Software Technologies by 3.1% in the 4th quarter. Fulton Bank N.A. now owns 4,070 shares of the technology company’s stock worth $541,000 after purchasing an additional 122 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Check Point Software Technologies by 9.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,493 shares of the technology company’s stock worth $198,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 67.86% of the company’s stock.

CHKP has been the topic of several research analyst reports. BTIG Research raised their price target on shares of Check Point Software Technologies from $143.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, December 31st. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $121.00 price target on the stock in a research report on Tuesday. Pritchard Capital raised their price target on shares of Check Point Software Technologies from $128.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, February 4th. Mizuho raised their price objective on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 12th. Finally, OTR Global raised shares of Check Point Software Technologies to a “positive” rating in a report on Friday, January 8th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $124.85.

Shares of CHKP stock opened at $114.93 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $100.66 and a 12-month high of $139.26. The company has a market capitalization of $16.72 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.82 and a beta of 0.66. The firm has a 50-day moving average price of $114.52 and a 200 day moving average price of $121.26.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, February 2nd. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.06. Check Point Software Technologies had a net margin of 41.47% and a return on equity of 25.10%. The firm had revenue of $563.80 million during the quarter, compared to the consensus estimate of $556.03 million. During the same period last year, the firm posted $2.02 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 6.04 earnings per share for the current year.

Check Point Software Technologies 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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile; Check Point Network Security, security gateways and software platforms that support small business and large enterprise data center and telco-grade environment; and Check Point SandBlast family for threat prevention and zero-day protections.

Featured Story: Differences Between Momentum Investing and Long Term Investing

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.