Harel Insurance Investments & Financial Services Ltd. Buys 22,967 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

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Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 242,098 shares of the technology company’s stock after purchasing an additional 22,967 shares during the quarter. Check Point Software Technologies accounts for about 1.7% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 20th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Check Point Software Technologies were worth $26,510,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $254,000. Eqis Capital Management Inc. raised its stake in shares of Check Point Software Technologies by 4.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 37,854 shares of the technology company’s stock valued at $4,145,000 after purchasing an additional 1,774 shares during the period. BBVA USA Bancshares Inc. bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $277,000. Tower Research Capital LLC TRC raised its stake in shares of Check Point Software Technologies by 976.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,379 shares of the technology company’s stock valued at $370,000 after purchasing an additional 3,065 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Check Point Software Technologies by 210.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,092 shares of the technology company’s stock valued at $120,000 after purchasing an additional 740 shares during the period. Institutional investors own 70.50% of the company’s stock.

Shares of CHKP traded down $0.17 during midday trading on Tuesday, reaching $115.70. The stock had a trading volume of 777,149 shares, compared to its average volume of 966,181. The company’s 50-day moving average is $109.95 and its 200 day moving average is $112.67. Check Point Software Technologies Ltd. has a 12-month low of $98.57 and a 12-month high of $132.76. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.47 and a beta of 0.78.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.04. Check Point Software Technologies had a return on equity of 21.86% and a net margin of 40.05%. The firm had revenue of $490.91 million during the quarter, compared to analysts’ expectations of $490.94 million. During the same period in the prior year, the business earned $1.38 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 5.51 earnings per share for the current fiscal year.

Several research firms recently commented on CHKP. Barclays reduced their target price on Check Point Software Technologies from $127.00 to $116.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. SunTrust Banks began coverage on Check Point Software Technologies in a research report on Wednesday, October 2nd. They set a “hold” rating and a $115.00 target price for the company. Evercore ISI set a $105.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Goldman Sachs Group began coverage on Check Point Software Technologies in a research report on Tuesday. They set a “neutral” rating and a $123.00 target price for the company. Finally, Piper Jaffray Companies began coverage on Check Point Software Technologies in a research report on Friday. They set a “neutral” rating and a $117.00 target price for the company. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $118.72.

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.

Further Reading: Channel Trading

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

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