IFP Advisors Inc reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 35.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,129 shares of the technology company’s stock after selling 613 shares during the quarter. IFP Advisors Inc’s holdings in Check Point Software Technologies were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $553,000. Boston Advisors LLC increased its position in shares of Check Point Software Technologies by 1.1% during the 4th quarter. Boston Advisors LLC now owns 86,305 shares of the technology company’s stock valued at $8,943,000 after purchasing an additional 930 shares during the last quarter. Lenox Wealth Management Inc. increased its position in shares of Check Point Software Technologies by 29.1% during the 4th quarter. Lenox Wealth Management Inc. now owns 10,814 shares of the technology company’s stock valued at $1,121,000 after purchasing an additional 2,436 shares during the last quarter. Cobiz Wealth LLC increased its position in shares of Check Point Software Technologies by 1.4% during the 4th quarter. Cobiz Wealth LLC now owns 51,018 shares of the technology company’s stock valued at $5,286,000 after purchasing an additional 681 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $1,114,000. 71.65% of the stock is owned by institutional investors and hedge funds.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $97.84 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $95.03 and a twelve month high of $119.20. The firm has a market capitalization of $15,991.26, a PE ratio of 19.97, a P/E/G ratio of 1.92 and a beta of 0.57.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $508.66 million. During the same quarter last year, the firm posted $1.46 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. analysts anticipate that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current year.

Several equities research analysts have recently issued reports on CHKP shares. Zacks Investment Research lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. lowered Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 target price for the company. in a research report on Tuesday, December 12th. BTIG Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 target price on shares of Check Point Software Technologies in a research report on Friday, November 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $126.00 target price on shares of Check Point Software Technologies in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $113.67.

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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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