Seizert Capital Partners LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 240,326 shares of the technology company’s stock, valued at approximately $28,279,000. Seizert Capital Partners LLC owned 0.15% of Check Point Software Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHKP. Tower Research Capital LLC TRC acquired a new position in shares of Check Point Software Technologies during the second quarter valued at about $105,000. Fort L.P. acquired a new position in shares of Check Point Software Technologies during the second quarter valued at about $120,000. First Mercantile Trust Co. raised its holdings in shares of Check Point Software Technologies by 247.2% during the third quarter. First Mercantile Trust Co. now owns 1,361 shares of the technology company’s stock valued at $160,000 after purchasing an additional 969 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Check Point Software Technologies by 50.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock valued at $165,000 after purchasing an additional 566 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Check Point Software Technologies during the third quarter valued at about $167,000. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Shares of CHKP stock opened at $114.34 on Monday. Check Point Software Technologies Ltd. has a 52-week low of $93.76 and a 52-week high of $120.81. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 2.28 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, October 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.02. Check Point Software Technologies had a net margin of 43.35% and a return on equity of 23.04%. The business had revenue of $470.80 million during the quarter, compared to the consensus estimate of $465.94 million. During the same period in the prior year, the firm posted $1.30 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Check Point Software Technologies Ltd. will post 5.2 earnings per share for the current fiscal year.

CHKP has been the topic of a number of analyst reports. ValuEngine upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets lowered their target price on shares of Check Point Software Technologies to $120.00 and set a “market perform” rating on the stock in a report on Friday, October 26th. Morgan Stanley lowered their target price on shares of Check Point Software Technologies from $116.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, October 25th. Wedbush initiated coverage on shares of Check Point Software Technologies in a report on Thursday, October 18th. They issued an “outperform” rating and a $140.00 target price on the stock. Finally, Robert W. Baird restated a “neutral” rating on shares of Check Point Software Technologies in a report on Thursday, October 18th. Eighteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $115.33.

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Check Point Software Technologies 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 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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