Handelsinvest Investeringsforvaltning raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,659 shares of the technology company’s stock after buying an additional 634 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Check Point Software Technologies were worth $889,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Highwater Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $72,000. Tower Research Capital LLC TRC acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $105,000. First Command Bank acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $110,000. First Mercantile Trust Co. boosted its stake in shares of Check Point Software Technologies by 247.2% in the 3rd quarter. First Mercantile Trust Co. now owns 1,361 shares of the technology company’s stock valued at $160,000 after purchasing an additional 969 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $167,000. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CHKP opened at $106.66 on Wednesday. Check Point Software Technologies Ltd. has a one year low of $93.76 and a one year high of $120.81. The company has a market cap of $17.46 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.02 and a beta of 0.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, October 24th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.36 by $0.02. Check Point Software Technologies had a net margin of 43.35% and a return on equity of 23.04%. The business had revenue of $470.80 million for the quarter, compared to the consensus estimate of $465.94 million. During the same period last year, the company earned $1.30 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts predict that Check Point Software Technologies Ltd. will post 5.2 earnings per share for the current year.

A number of equities research analysts have recently weighed in on CHKP shares. BidaskClub downgraded shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Tuesday, September 25th. ValuEngine upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Morgan Stanley reduced their price target on shares of Check Point Software Technologies from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 25th. Finally, BMO Capital Markets reduced their price target on shares of Check Point Software Technologies to $120.00 and set a “market perform” rating on the stock in a research note on Friday, October 26th. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $115.16.

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About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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