Ameriprise Financial Inc. Has $125.558 Million Stake in Check Point Software Technologies Ltd. (CHKP)

Ameriprise Financial Inc. lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.3% during the first quarter, Holdings Channel reports. The firm owned 1,218,660 shares of the technology company’s stock after selling 125,580 shares during the period. Ameriprise Financial Inc.’s holdings in Check Point Software Technologies were worth $125,558,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. QCI Asset Management Inc. NY increased its position in Check Point Software Technologies by 2.1% in the third quarter. QCI Asset Management Inc. NY now owns 124,644 shares of the technology company’s stock valued at $9,674,000 after buying an additional 2,542 shares during the period. Martin Investment Management LLC increased its position in Check Point Software Technologies by 70.9% in the third quarter. Martin Investment Management LLC now owns 97,931 shares of the technology company’s stock valued at $7,600,000 after buying an additional 40,635 shares during the period. Penserra Capital Management LLC increased its position in Check Point Software Technologies by 26.0% in the third quarter. Penserra Capital Management LLC now owns 443,466 shares of the technology company’s stock valued at $34,416,000 after buying an additional 91,436 shares during the period. Polaris Greystone Financial Group LLC increased its position in Check Point Software Technologies by 7.4% in the third quarter. Polaris Greystone Financial Group LLC now owns 13,890 shares of the technology company’s stock valued at $1,078,000 after buying an additional 962 shares during the period. Finally, Tillar Wenstrup Advisors LLC increased its position in Check Point Software Technologies by 0.4% in the third quarter. Tillar Wenstrup Advisors LLC now owns 23,143 shares of the technology company’s stock valued at $1,796,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.24% during mid-day trading on Friday, hitting $108.43. 871,831 shares of the company were exchanged. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $111.24. The stock’s 50-day moving average price is $104.74 and its 200 day moving average price is $95.29. The stock has a market cap of $17.90 billion, a PE ratio of 25.14 and a beta of 0.87.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 27th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $435.50 million during the quarter, compared to analysts’ expectations of $432.41 million. Check Point Software Technologies had a return on equity of 21.19% and a net margin of 41.63%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.17 EPS for the current fiscal year.

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CHKP has been the subject of a number of recent research reports. BMO Capital Markets reiterated a “hold” rating and set a $117.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 27th. Royal Bank of Canada reiterated a “hold” rating and set a $105.00 price target on shares of Check Point Software Technologies in a report on Friday, April 28th. Barclays PLC upgraded shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $95.00 to $112.00 in a report on Friday, April 28th. Stifel Nicolaus set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a report on Thursday, April 27th. Finally, Cowen and Company lifted their price target on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $104.35.

About Check Point Software Technologies

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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