Check Point Software Technologies Ltd. (CHKP) Stake Boosted by Thomas White International Ltd.

Thomas White International Ltd. boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 27.8% during the first quarter, Holdings Channel reports. The fund owned 105,206 shares of the technology company’s stock after buying an additional 22,888 shares during the period. Check Point Software Technologies comprises 1.6% of Thomas White International Ltd.’s portfolio, making the stock its 8th largest position. Thomas White International Ltd.’s holdings in Check Point Software Technologies were worth $10,800,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHKP. American International Group Inc. boosted its position in shares of Check Point Software Technologies by 8.6% in the first quarter. American International Group Inc. now owns 25,766 shares of the technology company’s stock valued at $2,645,000 after buying an additional 2,040 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Check Point Software Technologies by 6.4% in the first quarter. William Blair Investment Management LLC now owns 2,560,834 shares of the technology company’s stock valued at $262,895,000 after buying an additional 155,142 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Check Point Software Technologies by 1.2% in the first quarter. Blair William & Co. IL now owns 682,406 shares of the technology company’s stock valued at $70,036,000 after buying an additional 8,284 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Check Point Software Technologies by 921.0% in the first quarter. Victory Capital Management Inc. now owns 7,525 shares of the technology company’s stock valued at $772,000 after buying an additional 6,788 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Check Point Software Technologies by 10.9% in the first quarter. SG Americas Securities LLC now owns 14,566 shares of the technology company’s stock valued at $1,495,000 after buying an additional 1,434 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.51% during mid-day trading on Monday, reaching $113.44. The company’s stock had a trading volume of 317,400 shares. The firm’s 50 day moving average is $107.04 and its 200-day moving average is $97.34. The company has a market cap of $18.73 billion, a PE ratio of 26.30 and a beta of 0.87. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $114.02.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 27th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. The business had revenue of $435.50 million for the quarter, compared to the consensus estimate of $432.41 million. Check Point Software Technologies had a return on equity of 21.19% and a net margin of 41.63%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 earnings per share. Equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.17 earnings per share for the current fiscal year.

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Several brokerages have issued reports on CHKP. BMO Capital Markets reissued a “hold” rating and issued a $117.00 target price on shares of Check Point Software Technologies in a research report on Thursday. Vetr cut Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price on the stock. in a research report on Thursday, May 25th. Citigroup Inc raised their target price on Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Evercore ISI dropped their target price on Check Point Software Technologies from $100.00 to $95.00 and set an “in-line” rating on the stock in a research report on Friday, April 28th. Finally, Cowen and Company raised their target price on Check Point Software Technologies from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $105.12.

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.

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).

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