Swiss National Bank Decreases Stake in Check Point Software Technologies Ltd. (CHKP)

Swiss National Bank lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 693,700 shares of the technology company’s stock after selling 29,200 shares during the quarter. Swiss National Bank owned about 0.42% of Check Point Software Technologies worth $71,881,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Zions Bancorporation grew its holdings in shares of Check Point Software Technologies by 3,700.0% during the 3rd 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. Segall Bryant & Hamill LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth about $201,000. Montag A & Associates Inc. purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth about $205,000. Dimensional Fund Advisors LP purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $207,000. Finally, River Road Asset Management LLC purchased a new position in Check Point Software Technologies in the 3rd quarter worth approximately $228,000. Institutional investors and hedge funds own 71.60% of the company’s stock.

A number of research firms have weighed in on CHKP. Wells Fargo & Co cut Check Point Software Technologies from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $103.41 to $117.00 in a report on Thursday, February 1st. JPMorgan Chase & Co. decreased their price target on Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Cleveland Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Robert W. Baird restated a “hold” rating and issued a $115.00 price target on shares of Check Point Software Technologies in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $113.67.

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

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

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

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