First Mercantile Trust Co. lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 53.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,084 shares of the technology company’s stock after acquiring an additional 723 shares during the quarter. First Mercantile Trust Co.’s holdings in Check Point Software Technologies were worth $214,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ruggie Capital Group lifted its holdings in shares of Check Point Software Technologies by 650.0% in the 4th quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after acquiring an additional 260 shares during the last quarter. Ledyard National Bank lifted its holdings in shares of Check Point Software Technologies by 196.4% in the 4th quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after acquiring an additional 216 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Check Point Software Technologies by 45.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after acquiring an additional 112 shares during the last quarter. Highwater Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $72,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $72,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.
Get Check Point Software Technologies alerts:NASDAQ:CHKP opened at $116.26 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $93.76 and a 52 week high of $120.81. The firm has a market cap of $19.00 billion, a P/E ratio of 22.31, a PEG ratio of 2.19 and a beta of 0.76.
Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.68 EPS 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 company had revenue of $526.00 million during the quarter, compared to analyst estimates of $518.03 million. During the same period in the prior year, the business posted $1.58 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI restated a “hold” rating and issued a $105.00 price objective on shares of Check Point Software Technologies in a report on Thursday, January 31st. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies to $140.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. Credit Suisse Group restated a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Finally, Guggenheim assumed coverage on shares of Check Point Software Technologies in a report on Monday, December 10th. They issued a “neutral” rating and a $112.00 price objective for the company. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $116.89.
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Check Point Software Technologies Company Profile
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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