Stock Yards Bank & Trust Co. raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,675 shares of the company’s stock after buying an additional 1,470 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Check Point Software Technologies were worth $5,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC raised its position in Check Point Software Technologies by 17.8% in the second quarter. FMR LLC now owns 4,170,635 shares of the company’s stock worth $332,316,000 after buying an additional 629,802 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt raised its position in Check Point Software Technologies by 59.9% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,325,000 shares of the company’s stock worth $264,936,000 after buying an additional 1,246,000 shares during the last quarter. Harding Loevner LP purchased a new position in Check Point Software Technologies during the third quarter worth $188,714,000. Vulcan Value Partners LLC raised its position in Check Point Software Technologies by 111.9% in the second quarter. Vulcan Value Partners LLC now owns 2,206,298 shares of the company’s stock worth $175,798,000 after buying an additional 1,165,059 shares during the last quarter. Finally, State Street Corp raised its position in Check Point Software Technologies by 51.1% in the second quarter. State Street Corp now owns 2,171,301 shares of the company’s stock worth $173,020,000 after buying an additional 734,553 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.

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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 1.14% during midday trading on Tuesday, hitting $81.59. 1,317,985 shares of the stock were exchanged. The firm has a 50 day moving average of $81.05 and a 200-day moving average of $79.79. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 20.57 and a beta of 0.91. Check Point Software Technologies Ltd. has a one year low of $71.64 and a one year high of $89.98.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. Check Point Software Technologies had a return on equity of 20.32% and a net margin of 40.73%. The business earned $428 million during the quarter, compared to the consensus estimate of $422.79 million. During the same period in the previous year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts expect that Check Point Software Technologies Ltd. will post $4.52 EPS for the current year.

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Several equities analysts have recently commented on CHKP shares. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $94.00 target price on shares of Check Point Software Technologies in a report on Wednesday, August 17th. Zacks Investment Research raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. Robert W. Baird started coverage on shares of Check Point Software Technologies in a report on Tuesday, August 23rd. They issued a “neutral” rating and a $83.00 target price on the stock. Wunderlich started coverage on shares of Check Point Software Technologies in a report on Tuesday, September 13th. They issued a “hold” rating and a $80.00 target price on the stock. Finally, Guggenheim started coverage on shares of Check Point Software Technologies in a report on Wednesday, September 14th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $90.21.

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.

5 Day Chart for NASDAQ:CHKP

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