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Xact Kapitalforvaltning AB increased its stake in Check Point Software Technologies Ltd. (NASDAQ: CHKP) 11.7% in the first quarter, according to its latest filing with the SEC. The fund owned 11,500 shares of the technology company after purchasing 1,200 additional shares during the period. The holdings of Xact Kapitalforvaltning AB in Check Point Software Technologies were $ 1,142,000 at the end of the last quarter.
Other institutional investors have also recently bought and sold shares of the company. Earnest Partners LLC acquired a new position in the shares of Check Point Software Technologies in the fourth quarter valued at $ 100,959,000. FIL Ltd increased its stake in Check Point Software Technologies by 50.4% in the first quarter. FIL Ltd. now holds 2,590,559 shares in the technology company, valued at $ 257,346,000, after acquiring 868,345 additional shares in the last quarter. Mbadachusetts Financial Services Co. MA increased its holdings in Check Point Software Technologies shares by 7.0% in the first quarter. Mbadachusetts Financial Services Co. MA now holds 12,411,680 shares of the company's technology worth $ 1,232,978,000 after acquiring an additional 810,803 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Check Point Software Technologies by 29.0% in the first quarter. Wells Fargo & Company MN now holds 2,121,257 shares in the technology business worth $ 210,726,000 after acquiring an additional 477,013 shares during the last quarter. Lastly, Altrinsic Global Advisors LLC increased its holdings in Check Point Software Technologies shares by 86.0% in the first quarter. Altrinsic Global Advisors LLC now holds 737,180 shares in the technology company worth $ 73,232,000 after acquiring 340,763 additional shares in the last quarter. Hedge funds and other institutional investors hold 65.68% of the shares of the company.
Several research firms commented on CHKP. BidaskClub has updated the actions of Check Point Software Technologies from a "sale" rating to a "sustain" rating in a research note on Thursday. Argus downgraded Check Point Software's shares from a "buy" rating to a "hold" rating and increased its price target from $ 119.20 to $ 124.00 in a research note on Wednesday, May 9 . BMO Capital Markets re-rated its "strong market" rating and issued a price target of $ 108.00 (previously $ 115.00) on the shares of Check Point Software Technologies in a research note on Thursday, April 26. Macquarie lowered its stock price target for Check Point Software Technologies from $ 102.00 to $ 99.00 and set a "neutral" rating for the company in a research note on Thursday, April 26th. Finally, JPMorgan Chase & Co. lowered its stock price target for Check Point Software Technologies from $ 113.00 to $ 103.00 and set a "neutral" rating for the company in a research note. Wednesday, April 25. An equity research badyst rated the stock with a sales rating, twenty four gave a credit rating and three gave a buy-the-action rating to the company. Check Point Software Technologies currently has a "Hold" consensus rating and an average target price of $ 109.05
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Check Point Software Technologies opened at $ 98.63 on Friday, reports MarketBeat.com. The company has a market capitalization of $ 15.87 billion, a PE ratio of 20.17, a PEG ratio of 1.96 and a beta of 0.64. Check Point Software Technologies Ltd. has a minimum of $ 93.76 over 12 months and $ 119.20 over 12 months.
Check Point Software Technologies (NASDAQ: CHKP) last published its quarterly results on Wednesday, April 25th. The technology company reported earnings per share (EPS) of $ 1.30 for the quarter, exceeding Thomson Reuters' consensus estimate of $ 1.28 per $ 0.02. Check Point Software Technologies recorded a net margin of 43.15% and a return on equity of 22.83%. During the quarter, the company achieved a turnover of $ 452.30 million, against $ 452.13 million for badysts. During the same period of the previous year, the company earned $ 1.20 per share. The company 's revenues for the quarter increased 3.9% from one year to the next. Research badysts predict that Check Point Software Technologies Ltd. will post 5.11 earnings per share for the current year.
Check Point Software Technologies Company 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 security solutions and terminals. It provides Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th generation mega-attacks on different networks, terminals, cloud and mobile; security gateways from platforms for small and small offices, high-end, demanding data centers, and perimeter environments; and the Check Point SandBlast Family for Threat Prevention and Day Zero Protections
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