QS Investors LLC Grows Holdings in Check Point Software Technologies Ltd. (CHKP)

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QS Investors LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 43.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,118 shares of the technology company’s stock after buying an additional 12,508 shares during the quarter. QS Investors LLC’s holdings in Check Point Software Technologies were worth $4,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ruggie Capital Group lifted its position in shares of Check Point Software Technologies by 650.0% during the fourth quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after purchasing an additional 260 shares in the last quarter. Ledyard National Bank lifted its position in shares of Check Point Software Technologies by 196.4% during the fourth quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after purchasing an additional 216 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Check Point Software Technologies by 45.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after purchasing an additional 112 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $56,000. Finally, Bremer Trust National Association acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $61,000. 67.42% of the stock is currently owned by institutional investors and hedge funds.

CHKP stock opened at $125.64 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $93.76 and a 1-year high of $125.68. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, January 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.05. Check Point Software Technologies had a net margin of 42.85% and a return on equity of 22.77%. The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $518.03 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 5.49 EPS for the current year.

A number of research analysts have recently commented on CHKP shares. Guggenheim started coverage on shares of Check Point Software Technologies in a research report on Monday, December 10th. They set a “neutral” rating and a $112.00 target price on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $110.00 price target on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Evercore ISI reaffirmed a “hold” rating and issued a $105.00 price target on shares of Check Point Software Technologies in a report on Thursday, January 31st. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Finally, Jefferies Financial Group upped their price target on shares of Check Point Software Technologies to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $116.89.

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About Check Point Software Technologies

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.

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

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