Oppenheimer & Co. Inc. lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,177 shares of the technology company’s stock after selling 775 shares during the period. Oppenheimer & Co. Inc.’s holdings in Check Point Software Technologies were worth $4,785,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHKP. Zions Bancorporation raised its position in shares of Check Point Software Technologies by 3,700.0% in the 3rd quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after purchasing an additional 851 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth about $201,000. Montag A & Associates Inc. purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth about $205,000. Archford Capital Strategies LLC raised its position in shares of Check Point Software Technologies by 22,512.5% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Check Point Software Technologies in the 2nd quarter worth about $207,000. 71.60% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on CHKP. Wells Fargo & Co lowered 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. JPMorgan Chase & Co. decreased their target price on Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Cleveland Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $105.00 target price (down previously from $110.00) on shares of Check Point Software Technologies in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and five have issued a buy rating to the company. Check Point Software Technologies has an average rating of “Hold” and an average price target of $113.67.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $97.84 on Monday. The stock has a market capitalization of $15,991.25, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.92 and a beta of 0.57. Check Point Software Technologies Ltd. has a 52 week low of $95.03 and a 52 week high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released 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. The business had revenue of $506.00 million during the quarter, compared to the consensus estimate of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. equities analysts forecast that Check Point Software Technologies Ltd. will post 5.26 EPS for the current year.

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Check Point Software Technologies 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.

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

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