FCM Investments TX Sells 3,199 Shares of Check Point Software Technologies Ltd. (CHKP)

FCM Investments TX trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,941 shares of the technology company’s stock after selling 3,199 shares during the period. Check Point Software Technologies comprises approximately 4.1% of FCM Investments TX’s portfolio, making the stock its 10th largest position. FCM Investments TX’s holdings in Check Point Software Technologies were worth $2,895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BB&T Investment Services Inc. purchased a new stake in shares of Check Point Software Technologies during the second quarter worth about $100,000. Zions Bancorporation boosted its holdings in shares of Check Point Software Technologies by 3,700.0% during the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after purchasing an additional 851 shares during the period. Acrospire Investment Management LLC boosted its holdings in shares of Check Point Software Technologies by 150.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after purchasing an additional 600 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Check Point Software Technologies during the second quarter worth about $155,000. Finally, Archford Capital Strategies LLC boosted its holdings in shares of Check Point Software Technologies by 22,512.5% during the second quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after purchasing an additional 1,801 shares during the period. Institutional investors and hedge funds own 71.73% of the company’s stock.

CHKP has been the subject of a number of analyst reports. Barclays dropped their target price on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a report on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and issued a $115.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, October 27th. BidaskClub downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $105.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and an average price target of $113.60.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down $0.51 on Wednesday, hitting $102.49. 1,625,000 shares of the company traded hands, compared to its average volume of 1,223,260. The company has a market capitalization of $16,750.00, a P/E ratio of 21.90, a P/E/G ratio of 2.03 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $88.91 and a 12 month high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 31st. The technology company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Check Point Software Technologies had a net margin of 42.80% and a return on equity of 22.46%. equities research analysts anticipate that Check Point Software Technologies Ltd. will post 4.82 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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