Swiss National Bank Has $71.88 Million Holdings in Check Point Software Technologies Ltd. (CHKP)

Swiss National Bank cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 693,700 shares of the technology company’s stock after selling 29,200 shares during the period. Swiss National Bank’s holdings in Check Point Software Technologies were worth $71,881,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Renaissance Group LLC increased its position in Check Point Software Technologies by 1.8% in the fourth quarter. Renaissance Group LLC now owns 151,743 shares of the technology company’s stock worth $15,724,000 after buying an additional 2,658 shares during the period. California Public Employees Retirement System increased its position in Check Point Software Technologies by 18.8% in the fourth quarter. California Public Employees Retirement System now owns 449,098 shares of the technology company’s stock worth $46,536,000 after buying an additional 71,155 shares during the period. BT Investment Management Ltd increased its position in Check Point Software Technologies by 11.6% in the fourth quarter. BT Investment Management Ltd now owns 1,845,651 shares of the technology company’s stock worth $191,246,000 after buying an additional 192,108 shares during the period. QCI Asset Management Inc. NY increased its position in Check Point Software Technologies by 2.2% in the fourth quarter. QCI Asset Management Inc. NY now owns 128,101 shares of the technology company’s stock worth $13,274,000 after buying an additional 2,713 shares during the period. Finally, Harbour Investment Management LLC acquired a new stake in Check Point Software Technologies in the fourth quarter worth $1,870,000. 71.60% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on CHKP shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $105.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and issued a $126.00 target price on shares of Check Point Software Technologies in a research report on Thursday, October 19th. KeyCorp reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, October 27th. BTIG Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Finally, Northland Securities set a $120.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $113.67.

Check Point Software Technologies Ltd. (CHKP) opened at $101.20 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $95.03 and a 52 week high of $119.20. The firm has a market capitalization of $16,479.95, a PE ratio of 20.58, a P/E/G ratio of 1.98 and a beta of 0.57.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The business had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $508.66 million. During the same quarter last year, the business posted $1.46 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. sell-side analysts predict that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current fiscal 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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