Penn Davis Mcfarland Inc. cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.5% during the first quarter, Holdings Channel reports. The fund owned 118,250 shares of the technology company’s stock after selling 21,725 shares during the period. Check Point Software Technologies comprises 3.5% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 11th largest position. Penn Davis Mcfarland Inc. owned 0.07% of Check Point Software Technologies worth $12,140,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its position in shares of Check Point Software Technologies by 8.9% in the third quarter. CIBC Asset Management Inc now owns 17,144 shares of the technology company’s stock worth $1,331,000 after buying an additional 1,404 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Check Point Software Technologies during the third quarter worth about $8,040,000. First Merchants Corp boosted its position in shares of Check Point Software Technologies by 39.9% in the third quarter. First Merchants Corp now owns 12,131 shares of the technology company’s stock worth $941,000 after buying an additional 3,461 shares during the last quarter. Howard Capital Management boosted its position in shares of Check Point Software Technologies by 2.6% in the third quarter. Howard Capital Management now owns 147,990 shares of the technology company’s stock worth $11,486,000 after buying an additional 3,740 shares during the last quarter. Finally, Reilly Financial Advisors LLC boosted its position in shares of Check Point Software Technologies by 2.7% in the third quarter. Reilly Financial Advisors LLC now owns 85,454 shares of the technology company’s stock worth $6,632,000 after buying an additional 2,275 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.18% during mid-day trading on Thursday, hitting $102.64. 778,033 shares of the company traded hands. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of 24.56 and a beta of 0.87. The firm has a 50-day moving average of $101.84 and a 200-day moving average of $91.11. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $104.64.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, January 19th. The technology company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. Check Point Software Technologies had a net margin of 41.63% and a return on equity of 21.19%. The company earned $487 million during the quarter, compared to analyst estimates of $478.07 million. During the same period last year, the business earned $1.20 earnings per share. Check Point Software Technologies’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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A number of equities analysts have issued reports on CHKP shares. BMO Capital Markets started coverage on shares of Check Point Software Technologies in a research note on Thursday, January 5th. They issued a “market perform” rating and a $95.00 price objective on the stock. Wells Fargo & Co began coverage on shares of Check Point Software Technologies in a research report on Wednesday, January 11th. They set an “outperform” rating on the stock. Zacks Investment Research raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating and set a $101.00 price target on the stock in a research report on Thursday, January 12th. OTR Global raised shares of Check Point Software Technologies to a “positive” rating in a research report on Friday, January 13th. Finally, Royal Bank of Canada lifted their price target on shares of Check Point Software Technologies from $90.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $101.60.

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.

5 Day Chart for NASDAQ:CHKP

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