Prospera Financial Services Inc Has $357,000 Stake in Check Point Software Technologies Ltd. (CHKP)

Prospera Financial Services Inc decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.0% during the first quarter, Holdings Channel reports. The firm owned 3,471 shares of the company’s stock after selling 519 shares during the period. Prospera Financial Services Inc’s holdings in Check Point Software Technologies were worth $357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. CIBC Asset Management Inc raised its position in Check Point Software Technologies by 8.9% in the third quarter. CIBC Asset Management Inc now owns 17,144 shares of the company’s stock worth $1,331,000 after buying an additional 1,404 shares during the last quarter. Trust Co. of Vermont raised its position in Check Point Software Technologies by 3.5% in the third quarter. Trust Co. of Vermont now owns 1,920 shares of the company’s stock worth $149,000 after buying an additional 65 shares during the last quarter. PGGM Investments raised its position in Check Point Software Technologies by 10.8% in the third quarter. PGGM Investments now owns 389,237 shares of the company’s stock worth $30,209,000 after buying an additional 37,887 shares during the last quarter. Schmidt P J Investment Management Inc. raised its position in Check Point Software Technologies by 1.5% in the third quarter. Schmidt P J Investment Management Inc. now owns 27,952 shares of the company’s stock worth $2,169,000 after buying an additional 400 shares during the last quarter. Finally, Cornerstone Advisors Inc. purchased a new position in Check Point Software Technologies during the third quarter worth about $158,000. 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 0.45% during trading on Thursday, hitting $103.53. 888,785 shares of the stock were exchanged. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $104.64. The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 24.77 and a beta of 0.87. The firm has a 50-day moving average of $101.39 and a 200-day moving average of $90.23.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, January 19th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.21. The business had revenue of $487 million for the quarter, compared to the consensus estimate of $478.07 million. Check Point Software Technologies had a net margin of 41.63% and a return on equity of 21.19%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 earnings per share. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on CHKP. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $115.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 6th. Vetr lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating and set a $103.86 target price on the stock. in a research note on Monday, February 13th. Monness Crespi & Hardt began coverage on shares of Check Point Software Technologies in a research note on Tuesday, March 14th. They issued a “neutral” rating on the stock. BTIG Research upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Monday, February 6th. Finally, Piper Jaffray Companies set a $111.00 target price on shares of Check Point Software Technologies and gave the company a “buy” rating in a research note on Saturday, January 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Check Point Software Technologies has a consensus rating of “Buy” and a consensus target price of $101.36.

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

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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