Cascade Investment Advisors Inc. Purchases 2,760 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cascade Investment Advisors Inc. boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKPGet Rating) by 38.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,970 shares of the technology company’s stock after buying an additional 2,760 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Check Point Software Technologies were worth $1,162,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd lifted its stake in Check Point Software Technologies by 688.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 93,081 shares of the technology company’s stock valued at $10,850,000 after buying an additional 81,278 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in Check Point Software Technologies by 161.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 405,000 shares of the technology company’s stock valued at $47,207,000 after buying an additional 250,000 shares during the period. Acadian Asset Management LLC lifted its stake in Check Point Software Technologies by 7.1% in the fourth quarter. Acadian Asset Management LLC now owns 2,045,176 shares of the technology company’s stock valued at $238,341,000 after buying an additional 136,035 shares during the period. Panagora Asset Management Inc. lifted its stake in Check Point Software Technologies by 14.2% in the fourth quarter. Panagora Asset Management Inc. now owns 27,039 shares of the technology company’s stock valued at $3,152,000 after buying an additional 3,367 shares during the period. Finally, Paradigm Financial Partners LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $206,000. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

CHKP stock traded up $1.59 during mid-day trading on Friday, reaching $122.20. The company had a trading volume of 1,061,131 shares, compared to its average volume of 1,353,486. The stock has a 50 day simple moving average of $135.60 and a two-hundred day simple moving average of $125.98. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.69 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52 week low of $107.85 and a 52 week high of $149.62.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The company had revenue of $542.70 million during the quarter, compared to the consensus estimate of $535.57 million. Check Point Software Technologies had a net margin of 36.43% and a return on equity of 25.35%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 6.21 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Raymond James increased their target price on Check Point Software Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 4th. BMO Capital Markets raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $157.00 in a research report on Thursday, February 17th. Wells Fargo & Company dropped their price target on Check Point Software Technologies from $144.00 to $130.00 in a research report on Thursday, April 28th. Credit Suisse Group raised their price target on Check Point Software Technologies from $105.00 to $115.00 in a research report on Thursday, April 28th. Finally, Royal Bank of Canada raised their price target on Check Point Software Technologies from $139.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Monday, April 25th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $140.29.

About Check Point Software Technologies (Get Rating)

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.

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

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