Macquarie Group Ltd. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 500.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,059 shares of the technology company’s stock after purchasing an additional 47,559 shares during the quarter. Macquarie Group Ltd.’s holdings in Check Point Software Technologies were worth $30,619,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CHKP. Zions Bancorporation boosted its stake in shares of Check Point Software Technologies by 3,700.0% in the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock valued at $100,000 after buying an additional 851 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $130,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $201,000. Dimensional Fund Advisors LP purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $207,000. Finally, Trustcore Financial Services LLC purchased a new stake in Check Point Software Technologies during the fourth quarter worth $218,000. Institutional investors own 67.50% of the company’s stock.

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Shares of Check Point Software Technologies stock opened at $103.03 on Thursday. Check Point Software Technologies Ltd. has a 1 year low of $95.03 and a 1 year high of $119.20. The stock has a market capitalization of $16,872.21, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The firm had revenue of $506.00 million during the quarter, compared to the consensus estimate of $508.66 million. During the same quarter in the previous year, the business earned $1.46 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. analysts anticipate that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current fiscal year.

A number of analysts have commented on CHKP shares. Zacks Investment Research downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 target price on the stock. in a research report on Tuesday, December 12th. BidaskClub downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Wells Fargo downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $103.41 to $117.00 in a research report on Thursday, February 1st. Finally, Cleveland Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.67.

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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.

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

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