Ngam Advisors L.P. lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 39.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,652 shares of the company’s stock after selling 67,018 shares during the period. Ngam Advisors L.P. owned approximately 0.06% of Check Point Software Technologies worth $8,044,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Creative Planning raised its position in Check Point Software Technologies by 5.4% in the second quarter. Creative Planning now owns 5,782 shares of the company’s stock valued at $461,000 after buying an additional 294 shares in the last quarter. Gateway Investment Advisers LLC raised its position in Check Point Software Technologies by 3.3% in the second quarter. Gateway Investment Advisers LLC now owns 2,974 shares of the company’s stock valued at $237,000 after buying an additional 96 shares in the last quarter. Atria Investments LLC bought a new position in Check Point Software Technologies during the second quarter valued at $228,000. Cabot Wealth Management Inc. raised its position in Check Point Software Technologies by 2.3% in the second quarter. Cabot Wealth Management Inc. now owns 52,586 shares of the company’s stock valued at $4,190,000 after buying an additional 1,186 shares in the last quarter. Finally, British Columbia Investment Management Corp raised its position in Check Point Software Technologies by 100.0% in the second quarter. British Columbia Investment Management Corp now owns 14,800 shares of the company’s stock valued at $1,179,000 after buying an additional 7,400 shares in the last quarter. 71.38% of the stock is owned by institutional investors and hedge funds.

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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 0.75% during midday trading on Wednesday, hitting $82.20. 591,005 shares of the company were exchanged. The company has a 50-day moving average of $81.05 and a 200 day moving average of $79.79. The company has a market capitalization of $13.90 billion, a P/E ratio of 20.72 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 issued its earnings results on Monday, October 31st. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $428 million for the quarter, compared to the consensus estimate of $422.79 million. Check Point Software Technologies had a net margin of 40.73% and a return on equity of 20.32%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post $4.52 earnings per share for the current fiscal year.

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Several research analysts have weighed in on CHKP shares. Nomura reiterated a “buy” rating and issued a $95.00 price objective on shares of Check Point Software Technologies in a research note on Monday, October 31st. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Monday, November 14th. Deutsche Bank AG reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Saturday, October 15th. Finally, Wunderlich started coverage on shares of Check Point Software Technologies in a research note on Tuesday, September 13th. They issued a “hold” rating and a $80.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $90.02.

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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