Colony Group LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,979 shares of the technology company’s stock after selling 139 shares during the quarter. Colony Group LLC’s holdings in Check Point Software Technologies were worth $203,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Curbstone Financial Management Corp raised its position in shares of Check Point Software Technologies by 0.6% during the 4th quarter. Curbstone Financial Management Corp now owns 17,000 shares of the technology company’s stock worth $1,745,000 after purchasing an additional 100 shares during the last quarter. Hartford Investment Management Co. raised its position in shares of Check Point Software Technologies by 2.1% during the 4th quarter. Hartford Investment Management Co. now owns 5,121 shares of the technology company’s stock worth $526,000 after purchasing an additional 106 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Check Point Software Technologies by 45.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after purchasing an additional 112 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Check Point Software Technologies by 4.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,782 shares of the technology company’s stock worth $285,000 after purchasing an additional 120 shares during the last quarter. Finally, Goelzer Investment Management Inc. raised its position in shares of Check Point Software Technologies by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 43,570 shares of the technology company’s stock worth $4,472,000 after purchasing an additional 130 shares during the last quarter. 68.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of CHKP opened at $124.54 on Thursday. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.79. Check Point Software Technologies Ltd. has a fifty-two week low of $93.76 and a fifty-two week high of $128.11.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.05. The company had revenue of $526.00 million during the quarter, compared to the consensus estimate of $518.03 million. Check Point Software Technologies had a return on equity of 22.77% and a net margin of 42.85%. Check Point Software Technologies’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current fiscal year.

Several brokerages recently issued reports on CHKP. Mizuho began coverage on Check Point Software Technologies in a research report on Tuesday. They set a “neutral” rating and a $122.00 price objective for the company. Guggenheim began coverage on Check Point Software Technologies in a research report on Monday, December 10th. They set a “neutral” rating and a $112.00 price objective for the company. Evercore ISI restated a “hold” rating and set a $105.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, January 31st. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Finally, Jefferies Financial Group lifted their price objective on Check Point Software Technologies to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. Seventeen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $117.16.

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Check Point Software Technologies Company Profile

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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