BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,915 shares of the technology company’s stock after selling 200 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Check Point Software Technologies were worth $494,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CHKP. Trifecta Capital Advisors LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth $28,000. Lindbrook Capital LLC increased its position in shares of Check Point Software Technologies by 66.0% in the 4th quarter. Lindbrook Capital LLC now owns 259 shares of the technology company’s stock worth $33,000 after purchasing an additional 103 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Check Point Software Technologies by 86.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 339 shares of the technology company’s stock worth $43,000 after purchasing an additional 157 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of Check Point Software Technologies during the fourth quarter worth about $47,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Check Point Software Technologies by 75.3% during the first quarter. Brown Brothers Harriman & Co. now owns 568 shares of the technology company’s stock worth $79,000 after purchasing an additional 244 shares during the last quarter. 64.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on CHKP shares. Credit Suisse Group reduced their price target on shares of Check Point Software Technologies from $115.00 to $105.00 in a research report on Tuesday, May 2nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Check Point Software Technologies from $145.00 to $135.00 in a report on Tuesday, May 2nd. William Blair reissued a “market perform” rating on shares of Check Point Software Technologies in a report on Monday, February 13th. Wolfe Research assumed coverage on shares of Check Point Software Technologies in a report on Monday, April 17th. They issued an “outperform” rating and a $151.00 target price on the stock. Finally, Barclays reduced their price target on shares of Check Point Software Technologies from $137.00 to $127.00 in a report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $133.91.
Check Point Software Technologies Trading Down 0.1 %
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.31. Check Point Software Technologies had a return on equity of 28.35% and a net margin of 34.49%. The company had revenue of $566.20 million during the quarter, compared to the consensus estimate of $568.83 million. During the same period last year, the company earned $1.34 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 6.97 earnings per share for the current fiscal year.
About Check Point Software Technologies
Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.
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