Ferguson Wellman Capital Management Inc. lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,028 shares of the technology company’s stock after selling 6,574 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Check Point Software Technologies were worth $8,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CHKP. Trinity Legacy Partners LLC bought a new stake in Check Point Software Technologies in the 4th quarter worth about $215,000. Morgan Stanley grew its position in Check Point Software Technologies by 151.1% in the 3rd quarter. Morgan Stanley now owns 426,431 shares of the technology company’s stock worth $50,180,000 after purchasing an additional 256,607 shares in the last quarter. One Wealth Advisors LLC grew its position in Check Point Software Technologies by 5.3% in the 4th quarter. One Wealth Advisors LLC now owns 3,000 shares of the technology company’s stock worth $308,000 after purchasing an additional 151 shares in the last quarter. Suntrust Banks Inc. grew its position in Check Point Software Technologies by 2.6% in the 4th quarter. Suntrust Banks Inc. now owns 21,103 shares of the technology company’s stock worth $2,166,000 after purchasing an additional 526 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new stake in Check Point Software Technologies in the 4th quarter worth about $3,634,000. Institutional investors own 68.02% of the company’s stock.

A number of equities research analysts have issued reports on CHKP shares. Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th. Credit Suisse Group reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, January 29th. Evercore ISI reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, January 31st. Finally, Mizuho started coverage on shares of Check Point Software Technologies in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $122.00 price objective for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $117.16.

Check Point Software Technologies stock opened at $125.55 on Thursday. Check Point Software Technologies Ltd. has a twelve month low of $93.76 and a twelve month high of $128.85. The company has a market cap of $20.33 billion, a PE ratio of 24.10, a P/E/G ratio of 2.34 and a beta of 0.79.

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

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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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