Check Point Software Technologies Ltd. (CHKP) Shares Bought by Marshall Wace LLP

Marshall Wace LLP raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 242.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,813 shares of the technology company’s stock after purchasing an additional 191,034 shares during the quarter. Marshall Wace LLP owned approximately 0.17% of Check Point Software Technologies worth $31,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC raised its position in Check Point Software Technologies by 16.1% during the third quarter. Penserra Capital Management LLC now owns 12,908 shares of the technology company’s stock valued at $1,518,000 after purchasing an additional 1,787 shares in the last quarter. AustralianSuper Pty Ltd raised its position in shares of Check Point Software Technologies by 17.3% in the 2nd quarter. AustralianSuper Pty Ltd now owns 257,000 shares of the technology company’s stock valued at $25,104,000 after purchasing an additional 37,900 shares during the last quarter. Swiss National Bank raised its position in shares of Check Point Software Technologies by 1.6% in the 2nd quarter. Swiss National Bank now owns 713,300 shares of the technology company’s stock valued at $69,675,000 after purchasing an additional 10,900 shares during the last quarter. Cim LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $221,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Check Point Software Technologies by 5.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,396 shares of the technology company’s stock valued at $5,607,000 after purchasing an additional 3,029 shares during the last quarter. Hedge funds and other institutional investors own 66.83% of the company’s stock.

CHKP traded down $1.57 on Friday, reaching $108.42. The company’s stock had a trading volume of 13,872 shares, compared to its average volume of 859,357. The company has a market capitalization of $18.01 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66. Check Point Software Technologies Ltd. has a fifty-two week low of $93.76 and a fifty-two week high of $120.81.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.02. The firm had revenue of $470.80 million during the quarter, compared to the consensus estimate of $465.94 million. Check Point Software Technologies had a return on equity of 23.04% and a net margin of 43.35%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 earnings per share. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post 5.2 EPS for the current fiscal year.

Several equities analysts recently commented on CHKP shares. Wedbush started coverage on shares of Check Point Software Technologies in a research report on Thursday, October 18th. They issued an “outperform” rating and a $140.00 price objective for the company. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Tuesday, September 25th. Robert W. Baird reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, October 18th. Finally, ValuEngine raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Eighteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $115.33.

ILLEGAL ACTIVITY NOTICE: “Check Point Software Technologies Ltd. (CHKP) Shares Bought by Marshall Wace LLP” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.chaffeybreeze.com/2018/12/07/check-point-software-technologies-ltd-chkp-shares-bought-by-marshall-wace-llp.html.

Check Point Software Technologies 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.

Read More: Are all No-Load Funds Equal?

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply