Check Point Software Technologies Ltd. (CHKP) Position Lowered by Acadian Asset Management LLC

Acadian Asset Management LLC cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,424 shares of the technology company’s stock after selling 17,774 shares during the period. Acadian Asset Management LLC owned approximately 0.11% of Check Point Software Technologies worth $19,317,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CHKP. Harding Loevner LP boosted its stake in shares of Check Point Software Technologies by 3,559.4% during the 3rd quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock worth $495,041,000 after purchasing an additional 208,440,017 shares during the period. Koch Industries Inc. boosted its stake in shares of Check Point Software Technologies by 41,297.0% during the 2nd quarter. Koch Industries Inc. now owns 1,148,354 shares of the technology company’s stock worth $1,138,000 after purchasing an additional 1,145,580 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Check Point Software Technologies by 336.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock worth $125,709,000 after purchasing an additional 888,530 shares during the period. APG Asset Management N.V. boosted its stake in shares of Check Point Software Technologies by 53.0% during the 3rd quarter. APG Asset Management N.V. now owns 2,548,811 shares of the technology company’s stock worth $290,615,000 after purchasing an additional 883,300 shares during the period. Finally, Menora Mivtachim Holdings LTD. boosted its stake in shares of Check Point Software Technologies by 71.6% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,445,075 shares of the technology company’s stock worth $164,767,000 after purchasing an additional 603,100 shares during the period. 71.73% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on CHKP shares. Northland Securities reissued a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, September 28th. Oppenheimer reissued a “buy” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research report on Monday, October 2nd. Piper Jaffray Companies set a $108.00 price objective on shares of Check Point Software Technologies and gave the company a “hold” rating in a research report on Friday, October 6th. Stephens boosted their price objective on shares of Check Point Software Technologies from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Finally, OTR Global cut shares of Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have given a buy rating to the company’s stock. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $113.89.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $104.48 on Monday. Check Point Software Technologies Ltd. has a 52-week low of $96.25 and a 52-week high of $119.20. The firm has a market cap of $17,076.53, a P/E ratio of 22.37, a PEG ratio of 2.06 and a beta of 0.62.

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, topping the 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%. The firm had revenue of $454.63 million during the quarter, compared to analysts’ expectations of $449.39 million. analysts predict that Check Point Software Technologies Ltd. will post 4.82 earnings per share for the current 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.

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

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