Creative Planning Grows Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Share on StockTwits

Creative Planning lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,323 shares of the technology company’s stock after buying an additional 89 shares during the quarter. Creative Planning’s holdings in Check Point Software Technologies were worth $464,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CHKP. First Trust Advisors LP boosted its holdings in shares of Check Point Software Technologies by 22.4% during the second quarter. First Trust Advisors LP now owns 1,185,018 shares of the technology company’s stock worth $127,306,000 after purchasing an additional 217,043 shares during the last quarter. Clean Yield Group purchased a new position in Check Point Software Technologies during the second quarter worth about $759,000. Davy Global Fund Management Ltd acquired a new stake in Check Point Software Technologies in the 2nd quarter worth about $325,000. Banque Cantonale Vaudoise grew its holdings in Check Point Software Technologies by 12.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 3,472 shares of the technology company’s stock valued at $373,000 after buying an additional 394 shares during the period. Finally, M&G Investment Management Ltd. acquired a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $8,750,000. 68.38% of the stock is owned by institutional investors and hedge funds.

CHKP opened at $125.35 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $80.06 and a twelve month high of $130.65. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.85 and a beta of 0.62. The company has a fifty day simple moving average of $113.85 and a 200 day simple moving average of $108.33.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.14. Check Point Software Technologies had a net margin of 41.21% and a return on equity of 24.29%. The company had revenue of $505.60 million during the quarter, compared to analysts’ expectations of $486.35 million. During the same period in the prior year, the company posted $1.38 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post 5.91 earnings per share for the current year.

Several equities research analysts recently issued reports on CHKP shares. Wedbush boosted their target price on shares of Check Point Software Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. BidaskClub raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Citigroup upped their price objective on Check Point Software Technologies from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Wells Fargo & Co lifted their target price on Check Point Software Technologies from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Bank of America upped their price target on Check Point Software Technologies from $100.00 to $102.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 28th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $118.35.

About Check Point Software Technologies

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.

Read More: Conference Calls

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

Abbott Laboratories  Short Interest Update
Abbott Laboratories Short Interest Update
Royal Bank of Canada Reiterates €24.00 Price Target for AXA
Royal Bank of Canada Reiterates €24.00 Price Target for AXA
Credit Suisse Group Analysts Give UniCredit  a €9.50 Price Target
Credit Suisse Group Analysts Give UniCredit a €9.50 Price Target
UniCredit  Given a €9.00 Price Target at Jefferies Financial Group
UniCredit Given a €9.00 Price Target at Jefferies Financial Group
UniCredit  Given a €9.00 Price Target at JPMorgan Chase & Co.
UniCredit Given a €9.00 Price Target at JPMorgan Chase & Co.
Munchener Ruckvers  Earns “Neutral” Rating from DZ Bank
Munchener Ruckvers Earns “Neutral” Rating from DZ Bank


© 2006-2020 Ticker Report