Doheny Asset Management CA Has $3.91 Million Stake in Check Point Software Technologies Ltd. (CHKP)

Doheny Asset Management CA lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,721 shares of the technology company’s stock after selling 11,775 shares during the period. Check Point Software Technologies makes up about 1.8% of Doheny Asset Management CA’s portfolio, making the stock its 17th biggest holding. Doheny Asset Management CA’s holdings in Check Point Software Technologies were worth $3,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of Check Point Software Technologies by 5.0% during the 3rd quarter. D.A. Davidson & CO. now owns 10,423 shares of the technology company’s stock valued at $1,188,000 after purchasing an additional 501 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Check Point Software Technologies by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 8,319 shares of the technology company’s stock valued at $862,000 after purchasing an additional 503 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Check Point Software Technologies by 0.5% during the 4th quarter. US Bancorp DE now owns 121,845 shares of the technology company’s stock valued at $12,626,000 after purchasing an additional 547 shares during the last quarter. Mastrapasqua Asset Management Inc. lifted its holdings in shares of Check Point Software Technologies by 2.4% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 23,457 shares of the technology company’s stock valued at $2,675,000 after purchasing an additional 554 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Check Point Software Technologies by 0.6% during the 3rd quarter. California State Teachers Retirement System now owns 87,853 shares of the technology company’s stock valued at $10,017,000 after purchasing an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 67.50% of the company’s stock.

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Several analysts have recently commented on the company. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Wells Fargo downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating and upped their target price for the company from $103.41 to $117.00 in a research report on Thursday, February 1st. JPMorgan Chase & Co. cut their target price on Check Point Software Technologies to $113.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Cleveland Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Finally, BidaskClub downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $113.67.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $103.37 on Tuesday. The firm has a market capitalization of $16,931.05, a PE ratio of 21.14, a price-to-earnings-growth ratio of 2.03 and a beta of 0.55. Check Point Software Technologies Ltd. has a 12-month low of $95.03 and a 12-month high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.20. The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. research analysts predict that Check Point Software Technologies Ltd. will post 5.26 EPS for the current year.

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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.

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

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