Flossbach Von Storch AG boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,528,746 shares of the technology company’s stock after purchasing an additional 63,930 shares during the period. Check Point Software Technologies accounts for approximately 2.5% of Flossbach Von Storch AG’s portfolio, making the stock its 12th biggest position. Flossbach Von Storch AG owned about 1.55% of Check Point Software Technologies worth $259,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new stake in Check Point Software Technologies in the second quarter valued at approximately $219,000. FMR LLC lifted its stake in Check Point Software Technologies by 3.4% in the second quarter. FMR LLC now owns 2,299,435 shares of the technology company’s stock valued at $224,609,000 after buying an additional 76,339 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Check Point Software Technologies by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 344,462 shares of the technology company’s stock valued at $33,647,000 after buying an additional 23,294 shares during the last quarter. We Are One Seven LLC purchased a new stake in Check Point Software Technologies in the third quarter valued at approximately $214,000. Finally, Manning & Napier Group LLC purchased a new stake in Check Point Software Technologies in the third quarter valued at approximately $2,584,000. 70.74% of the stock is owned by hedge funds and other institutional investors.

Shares of CHKP stock opened at $116.26 on Monday. The firm has a market cap of $19.00 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.76. Check Point Software Technologies Ltd. has a 1-year low of $93.76 and a 1-year high of $120.81.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, January 30th. The technology company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.05. The company had revenue of $526.00 million for the quarter, compared to analyst estimates of $518.03 million. Check Point Software Technologies had a return on equity of 22.77% and a net margin of 42.85%. Check Point Software Technologies’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Analysts expect that Check Point Software Technologies Ltd. will post 5.49 EPS for the current fiscal year.

CHKP has been the topic of a number of recent research reports. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday. ValuEngine raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Credit Suisse Group reissued a “hold” rating and issued a $110.00 target price on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Robert W. Baird reissued a “neutral” rating on shares of Check Point Software Technologies in a report on Thursday, October 18th. Finally, Jefferies Financial Group boosted their target price on Check Point Software Technologies to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $116.89.

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About Check Point Software Technologies

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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