Penn Davis Mcfarland Inc. reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 107,304 shares of the technology company’s stock after selling 1,473 shares during the quarter. Check Point Software Technologies makes up about 3.3% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 14th largest position. Penn Davis Mcfarland Inc.’s holdings in Check Point Software Technologies were worth $11,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at about $100,000. Zions Bancorporation increased its stake 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 valued at $100,000 after acquiring an additional 851 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Check Point Software Technologies by 150.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after acquiring an additional 600 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at about $155,000. Finally, Archford Capital Strategies LLC increased its stake 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 valued at $200,000 after acquiring an additional 1,801 shares during the last quarter. 71.73% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on CHKP. Jefferies Group reissued a “buy” rating and set a $126.00 target price on shares of Check Point Software Technologies in a research note on Thursday, October 19th. Royal Bank of Canada reissued a “hold” rating and set a $105.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. OTR Global cut Check Point Software Technologies to a “positive” rating in a research note on Tuesday, October 17th. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Finally, Stephens increased their target price on Check Point Software Technologies from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. Check Point Software Technologies has an average rating of “Hold” and an average price target of $113.60.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up $1.08 during midday trading on Thursday, hitting $103.57. The stock had a trading volume of 1,495,200 shares, compared to its average volume of 1,247,982. The firm has a market cap of $16,820.00, a P/E ratio of 22.13, a PEG ratio of 2.02 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $88.91 and a 12 month high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 31st. The technology company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. Check Point Software Technologies had a return on equity of 22.46% and a net margin of 42.80%. analysts expect that Check Point Software Technologies Ltd. will post 4.82 EPS for the current fiscal year.

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About Check Point Software Technologies

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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