QCI Asset Management Inc. NY Boosts Position in Check Point Software Technologies Ltd. (CHKP)

QCI Asset Management Inc. NY raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,811 shares of the technology company’s stock after buying an additional 575 shares during the period. QCI Asset Management Inc. NY’s holdings in Check Point Software Technologies were worth $13,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHKP. Parallel Advisors LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth $123,000. Johnson Financial Group Inc. boosted its position in Check Point Software Technologies by 209.5% in the fourth quarter. Johnson Financial Group Inc. now owns 1,625 shares of the technology company’s stock worth $137,000 after buying an additional 1,100 shares during the last quarter. Edmond DE Rothschild Monaco purchased a new position in Check Point Software Technologies during the third quarter worth $145,000. Quadrant Capital Group LLC boosted its position 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 worth $153,000 after buying an additional 371 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in Check Point Software Technologies during the first quarter worth $154,000. 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 0.24% during trading on Friday, reaching $108.43. 871,831 shares of the company’s stock traded hands. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $111.24. The firm has a market capitalization of $17.90 billion, a PE ratio of 25.14 and a beta of 0.87. The firm has a 50 day moving average of $104.74 and a 200 day moving average of $95.29.

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

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A number of research analysts have weighed in on the stock. Vetr cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating and set a $103.86 price objective for the company. in a report on Monday, February 13th. Argus assumed coverage on shares of Check Point Software Technologies in a report on Monday, January 23rd. They issued a “buy” rating and a $115.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Check Point Software Technologies in a report on Monday, April 24th. Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $80.00 to $94.00 and gave the company a “hold” rating in a report on Friday, January 20th. Finally, Instinet lifted their price objective on shares of Check Point Software Technologies from $95.00 to $105.00 and gave the company a “buy” rating in a report on Friday, January 20th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $104.35.

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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