QCI Asset Management Inc. NY lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,163 shares of the technology company’s stock after purchasing an additional 3,437 shares during the quarter. QCI Asset Management Inc. NY’s holdings in Check Point Software Technologies were worth $16,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Martin Investment Management LLC raised its position in shares of Check Point Software Technologies by 0.4% in the 2nd quarter. Martin Investment Management LLC now owns 117,502 shares of the technology company’s stock worth $11,478,000 after purchasing an additional 459 shares during the last quarter. Hugh Johnson Advisors LLC increased its holdings in Check Point Software Technologies by 0.6% in the 2nd quarter. Hugh Johnson Advisors LLC now owns 77,225 shares of the technology company’s stock worth $7,543,000 after buying an additional 485 shares in the last quarter. Tower Bridge Advisors increased its holdings in Check Point Software Technologies by 0.9% in the 2nd quarter. Tower Bridge Advisors now owns 58,181 shares of the technology company’s stock worth $5,683,000 after buying an additional 500 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Check Point Software Technologies by 3.0% in the 2nd quarter. CIBC Asset Management Inc now owns 18,062 shares of the technology company’s stock worth $1,764,000 after buying an additional 518 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in Check Point Software Technologies by 0.7% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 74,915 shares of the technology company’s stock worth $8,815,000 after buying an additional 530 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the company. Barclays reiterated a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a report on Thursday, July 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $112.00 price objective (up from $95.00) on shares of Check Point Software Technologies in a report on Thursday, July 26th. Morgan Stanley lifted their price objective on Check Point Software Technologies from $102.00 to $116.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. BMO Capital Markets lifted their price objective on Check Point Software Technologies from $108.00 to $130.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a report on Monday, August 6th. Nineteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $115.33.

Check Point Software Technologies stock opened at $112.64 on Friday. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.25 and a beta of 0.68. Check Point Software Technologies Ltd. has a 52-week low of $93.76 and a 52-week high of $120.81.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, October 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.02. The business had revenue of $470.80 million during the quarter, compared to the consensus estimate of $465.94 million. Check Point Software Technologies had a return on equity of 23.04% and a net margin of 43.35%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 5.2 earnings per share for the current year.

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Check Point Software Technologies Company 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 and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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