Front Barnett Associates LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,409 shares of the technology company’s stock after selling 1,277 shares during the period. Check Point Software Technologies accounts for approximately 1.7% of Front Barnett Associates LLC’s investment portfolio, making the stock its 22nd biggest position. Front Barnett Associates LLC’s holdings in Check Point Software Technologies were worth $10,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation boosted its position in Check Point Software Technologies by 3,700.0% during the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after purchasing an additional 851 shares during the period. BB&T Investment Services Inc. bought a new position in Check Point Software Technologies during the second quarter worth $100,000. Tower Research Capital LLC TRC bought a new position in Check Point Software Technologies during the second quarter worth $155,000. Segall Bryant & Hamill LLC bought a new position in Check Point Software Technologies during the third quarter worth $201,000. Finally, Montag A & Associates Inc. bought a new position in Check Point Software Technologies during the third quarter worth $205,000. Institutional investors and hedge funds own 71.65% of the company’s stock.

CHKP has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 1st. Cleveland Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $115.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, October 27th. Finally, BidaskClub downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the stock. Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $113.67.

Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $98.66 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $97.95 and a 52 week high of $119.20. The stock has a market capitalization of $16,185.75, a P/E ratio of 20.37, a PEG ratio of 1.94 and a beta of 0.57.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, January 31st. The technology company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The business had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $508.66 million. During the same period in the prior year, the business posted $1.46 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. equities research analysts predict that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current fiscal year.

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About Check Point Software Technologies

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.

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

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