Oppenheimer Asset Management Inc. Purchases Shares of 83,233 Check Point Software Technologies Ltd. (CHKP)

Oppenheimer Asset Management Inc. bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, Holdings Channel reports. The institutional investor bought 83,233 shares of the technology company’s stock, valued at approximately $8,544,000.

Other hedge funds have also added to or reduced their stakes in the company. Crestwood Advisors Group LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $154,000. Bronfman E.L. Rothschild L.P. raised its stake in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares in the last quarter. IFP Advisors Inc raised its stake in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock valued at $155,000 after buying an additional 36 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock valued at $153,000 after buying an additional 371 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares in the last quarter. 72.40% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (CHKP) opened at 111.22 on Wednesday. The firm has a 50-day moving average price of $109.78 and a 200-day moving average price of $100.01. The firm has a market capitalization of $18.36 billion, a P/E ratio of 25.79 and a beta of 0.68. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $115.87.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly 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 for the quarter, compared to the consensus estimate of $432.41 million. Check Point Software Technologies had a return on equity of 21.53% and a net margin of 41.75%. The firm’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 EPS. Equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.17 earnings per share for the current year.

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Several equities research analysts recently issued reports on the stock. Vetr raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 target price for the company in a report on Monday, June 12th. BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Susquehanna Bancshares Inc began coverage on shares of Check Point Software Technologies in a report on Wednesday, June 7th. They issued a “positive” rating and a $132.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $117.00 price objective on shares of Check Point Software Technologies in a report on Thursday, June 1st. Finally, Citigroup Inc. increased their price objective on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, May 25th. Fifteen analysts have rated the stock with a hold rating, sixteen 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 an average target price of $106.87.

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.

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

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