Check Point Software Technologies Ltd. (CHKP) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 98,583 shares of the technology company’s stock after buying an additional 17,373 shares during the period. SG Americas Securities LLC owned 0.06% of Check Point Software Technologies worth $12,470,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Weatherstone Capital Management grew its position in shares of Check Point Software Technologies by 3.2% in the first quarter. Weatherstone Capital Management now owns 2,874 shares of the technology company’s stock valued at $364,000 after purchasing an additional 88 shares during the last quarter. Eqis Capital Management Inc. grew its position in shares of Check Point Software Technologies by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 38,869 shares of the technology company’s stock valued at $4,917,000 after purchasing an additional 99 shares during the last quarter. Curbstone Financial Management Corp grew its position in shares of Check Point Software Technologies by 0.6% in the fourth quarter. Curbstone Financial Management Corp now owns 17,000 shares of the technology company’s stock valued at $1,745,000 after purchasing an additional 100 shares during the last quarter. Hartford Investment Management Co. grew its position in shares of Check Point Software Technologies by 2.1% in the fourth quarter. Hartford Investment Management Co. now owns 5,121 shares of the technology company’s stock valued at $526,000 after purchasing an additional 106 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Check Point Software Technologies by 45.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock valued at $37,000 after purchasing an additional 112 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

CHKP traded up $0.27 during trading hours on Wednesday, reaching $118.24. 505,632 shares of the stock traded hands, compared to its average volume of 975,408. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 2.43 and a beta of 0.75. Check Point Software Technologies Ltd. has a fifty-two week low of $95.37 and a fifty-two week high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.01. The company had revenue of $471.83 million during the quarter, compared to analyst estimates of $471.16 million. Check Point Software Technologies had a net margin of 42.05% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post 5.52 earnings per share for the current year.

A number of analysts recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $125.00 target price (up previously from $120.00) on shares of Check Point Software Technologies in a research report on Monday, April 22nd. BidaskClub lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. ValuEngine lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, OTR Global raised shares of Check Point Software Technologies to a “positive” rating in a research note on Friday, April 12th. Sixteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $122.11.

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

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