Check Point Software Technologies Ltd. (CHKP) Holdings Reduced by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,166 shares of the technology company’s stock after selling 2,729 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Check Point Software Technologies were worth $1,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harding Loevner LP boosted its stake in Check Point Software Technologies by 3,559.4% during the third quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock worth $495,041,000 after buying an additional 208,440,017 shares during the period. Schroder Investment Management Group boosted its stake in Check Point Software Technologies by 4.2% during the third quarter. Schroder Investment Management Group now owns 5,513,142 shares of the technology company’s stock worth $619,512,000 after buying an additional 220,009 shares during the period. APG Asset Management N.V. boosted its stake in Check Point Software Technologies by 11.8% during the fourth quarter. APG Asset Management N.V. now owns 2,850,228 shares of the technology company’s stock worth $245,953,000 after buying an additional 301,417 shares during the period. Neuberger Berman Group LLC boosted its stake in Check Point Software Technologies by 10.2% during the third quarter. Neuberger Berman Group LLC now owns 1,655,376 shares of the technology company’s stock worth $188,746,000 after buying an additional 153,197 shares during the period. Finally, BT Investment Management Ltd boosted its stake in Check Point Software Technologies by 8.7% during the third quarter. BT Investment Management Ltd now owns 1,653,543 shares of the technology company’s stock worth $188,537,000 after buying an additional 132,949 shares during the period. 71.65% of the stock is owned by institutional investors.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $97.84 on Friday. The firm has a market capitalization of $16,050.09, a PE ratio of 20.30, a P/E/G ratio of 1.93 and a beta of 0.57. Check Point Software Technologies Ltd. has a fifty-two week low of $95.03 and a fifty-two week high of $119.20.

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

Several research analysts have commented on CHKP shares. Barclays dropped 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 note on Wednesday, November 1st. Cleveland Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Robert W. Baird reiterated a “hold” rating and set a $115.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, October 27th. Finally, BidaskClub downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report 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 assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $113.67.

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Check Point Software Technologies 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.

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

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