18,566 Shares in Check Point Software Technologies Ltd. (CHKP) Acquired by Ashburton Jersey Ltd

Ashburton Jersey Ltd purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,566 shares of the company’s stock, valued at approximately $1,441,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accident Compensation Corp boosted its position in Check Point Software Technologies by 3.4% in the third quarter. Accident Compensation Corp now owns 76,926 shares of the company’s stock worth $5,970,000 after buying an additional 2,500 shares during the period. Edmond DE Rothschild Monaco purchased a new position in Check Point Software Technologies during the third quarter worth approximately $145,000. Acadia Trust NA purchased a new position in Check Point Software Technologies during the third quarter worth approximately $4,128,000. Maple Capital Management Inc. boosted its position in Check Point Software Technologies by 3.5% in the third quarter. Maple Capital Management Inc. now owns 82,833 shares of the company’s stock worth $6,429,000 after buying an additional 2,818 shares during the period. Finally, Perkins Investment Management LLC boosted its position in Check Point Software Technologies by 38.7% in the third quarter. Perkins Investment Management LLC now owns 1,542,087 shares of the company’s stock worth $119,681,000 after buying an additional 430,242 shares during the period. Institutional investors own 71.55% of the company’s stock.

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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.10% during midday trading on Monday, hitting $101.09. 256,029 shares of the stock were exchanged. The firm’s 50-day moving average is $93.08 and its 200 day moving average is $82.52. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 24.18 and a beta of 0.87. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $101.77.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, January 19th. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.21. The firm had revenue of $487 million for the quarter, compared to analyst estimates of $478.07 million. Check Point Software Technologies had a net margin of 41.63% and a return on equity of 21.19%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS. Equities research analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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A number of research firms have commented on CHKP. Vetr cut Check Point Software Technologies from a “buy” rating to a “hold” rating and set a $103.86 price target on the stock. in a research note on Monday. BTIG Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Monday, February 6th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $115.00 price objective (up from $99.00) on shares of Check Point Software Technologies in a research note on Tuesday, January 24th. Cowen and Company reiterated an “outperform” rating and issued a $103.00 price objective (up from $92.00) on shares of Check Point Software Technologies in a research note on Monday, January 23rd. Finally, Argus began coverage on Check Point Software Technologies in a research note on Monday, January 23rd. They issued a “buy” rating and a $115.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $99.38.

Check Point Software Technologies Company 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.

5 Day Chart for NASDAQ:CHKP

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