Check Point Software Technologies Ltd. (CHKP) Position Raised by QCI Asset Management Inc. NY

QCI Asset Management Inc. NY boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 owned about 0.08% of Check Point Software Technologies worth $16,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its position in Check Point Software Technologies by 11.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,816,985 shares of the technology company’s stock valued at $1,349,645,000 after acquiring an additional 1,405,305 shares during the last quarter. BlackRock Inc. grew its position in Check Point Software Technologies by 1.0% during the second quarter. BlackRock Inc. now owns 5,227,074 shares of the technology company’s stock valued at $510,581,000 after acquiring an additional 53,263 shares during the last quarter. Flossbach Von Storch AG grew its position in Check Point Software Technologies by 1,455.9% during the second quarter. Flossbach Von Storch AG now owns 2,486,903 shares of the technology company’s stock valued at $242,921,000 after acquiring an additional 2,327,068 shares during the last quarter. FMR LLC grew its position in Check Point Software Technologies by 3.4% during the second quarter. FMR LLC now owns 2,299,435 shares of the technology company’s stock valued at $224,609,000 after acquiring an additional 76,339 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Check Point Software Technologies by 5.0% during the second quarter. Wells Fargo & Company MN now owns 2,226,664 shares of the technology company’s stock valued at $217,499,000 after acquiring an additional 105,407 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Evercore ISI restated a “hold” rating and issued a $100.00 target price on shares of Check Point Software Technologies in a report on Thursday, July 19th. Robert W. Baird restated a “neutral” rating on shares of Check Point Software Technologies in a report on Thursday, October 18th. Finally, UBS Group raised their target price on shares of Check Point Software Technologies from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. Nineteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $115.33.

NASDAQ:CHKP opened at $112.64 on Friday. The firm has a market capitalization of $18.44 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.25 and a beta of 0.68. Check Point Software Technologies Ltd. has a twelve month low of $93.76 and a twelve month 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 for the quarter, beating the consensus estimate of $1.36 by $0.02. The business had revenue of $470.80 million for the quarter, compared to analysts’ expectations of $465.94 million. Check Point Software Technologies had a net margin of 43.35% and a return on equity of 23.04%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 5.2 EPS for the current year.

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Check Point Software Technologies 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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