Pinebridge Investments L.P. Acquires 6,632 Shares of Check Point Software Technologies Ltd. (CHKP)

Pinebridge Investments L.P. boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,769 shares of the technology company’s stock after buying an additional 6,632 shares during the quarter. Pinebridge Investments L.P.’s holdings in Check Point Software Technologies were worth $2,566,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CHKP. Fisher Asset Management LLC boosted its stake in Check Point Software Technologies by 1.1% in the 3rd quarter. Fisher Asset Management LLC now owns 42,815 shares of the technology company’s stock worth $4,882,000 after purchasing an additional 475 shares during the period. D.A. Davidson & CO. boosted its stake in Check Point Software Technologies by 5.0% in the 3rd quarter. D.A. Davidson & CO. now owns 10,423 shares of the technology company’s stock worth $1,188,000 after purchasing an additional 501 shares during the period. Victory Capital Management Inc. boosted its stake in Check Point Software Technologies by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 8,319 shares of the technology company’s stock worth $862,000 after purchasing an additional 503 shares during the period. Carnick & Kubik Group LLC boosted its stake in Check Point Software Technologies by 2.6% in the 3rd quarter. Carnick & Kubik Group LLC now owns 21,075 shares of the technology company’s stock worth $2,403,000 after purchasing an additional 542 shares during the period. Finally, US Bancorp DE boosted its stake in Check Point Software Technologies by 0.5% in the 4th quarter. US Bancorp DE now owns 121,845 shares of the technology company’s stock worth $12,626,000 after purchasing an additional 547 shares during the period. Hedge funds and other institutional investors own 68.46% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. Wells Fargo & Co lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $103.41 to $117.00 in a research note on Thursday, February 1st. Northland Securities set a $120.00 price objective on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada decreased their price objective on shares of Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have issued a buy rating to the company’s stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $113.67.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $103.28 on Tuesday. The stock has a market cap of $16,880.38, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. Check Point Software Technologies Ltd. has a 52 week low of $95.03 and a 52 week high of $119.20.

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

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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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