Macquarie Group Ltd. Increases Holdings in Check Point Software Technologies Ltd. (CHKP)

Macquarie Group Ltd. raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 500.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,059 shares of the technology company’s stock after purchasing an additional 47,559 shares during the quarter. Macquarie Group Ltd.’s holdings in Check Point Software Technologies were worth $30,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHKP. Dimensional Fund Advisors LP acquired a new stake in Check Point Software Technologies during the second quarter valued at approximately $207,000. Prudential Financial Inc. raised its stake in Check Point Software Technologies by 26.6% during the third quarter. Prudential Financial Inc. now owns 92,854 shares of the technology company’s stock valued at $10,588,000 after buying an additional 19,516 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in Check Point Software Technologies during the third quarter valued at approximately $4,406,000. Rhumbline Advisers raised its stake in Check Point Software Technologies by 30.4% during the third quarter. Rhumbline Advisers now owns 27,995 shares of the technology company’s stock valued at $3,192,000 after buying an additional 6,521 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Check Point Software Technologies by 3.1% during the third quarter. Bank of New York Mellon Corp now owns 347,127 shares of the technology company’s stock valued at $39,579,000 after buying an additional 10,450 shares in the last quarter. Hedge funds and other institutional investors own 67.50% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of analysts have recently weighed in on the company. BidaskClub cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Wells Fargo cut Check Point Software Technologies from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $103.41 to $117.00 in a research report on Thursday, February 1st. Zacks Investment Research cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. cut Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 price target on the stock. in a research report on Tuesday, December 12th. Finally, Cleveland Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $113.67.

Check Point Software Technologies stock opened at $103.03 on Thursday. The stock has a market capitalization of $16,872.21, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55. Check Point Software Technologies Ltd. has a one year low of $95.03 and a one year 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, topping the consensus estimate of $1.38 by $0.20. The business had revenue of $506.00 million during the quarter, compared to analyst estimates of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.46 EPS. sell-side analysts predict that Check Point Software Technologies Ltd. will post 5.26 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Macquarie Group Ltd. Increases Holdings in Check Point Software Technologies Ltd. (CHKP)” was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3289367/macquarie-group-ltd-increases-holdings-in-check-point-software-technologies-ltd-chkp.html.

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Comparing BioFuel Energy  & William Lyon Homes
Comparing BioFuel Energy & William Lyon Homes
Analysts Anticipate LPL Financial  Will Post Earnings of $0.69 Per Share
Analysts Anticipate LPL Financial Will Post Earnings of $0.69 Per Share
Critical Contrast: Virtu Financial  versus The Competition
Critical Contrast: Virtu Financial versus The Competition
Head-To-Head Survey: Sprague Resources  vs. Genesis Energy
Head-To-Head Survey: Sprague Resources vs. Genesis Energy
National Research  vs. Cleveland BioLabs  Critical Survey
National Research vs. Cleveland BioLabs Critical Survey
OFCOIN  Trading Up 19.5% Over Last 7 Days
OFCOIN Trading Up 19.5% Over Last 7 Days


© 2006-2018 Ticker Report. Google+.