First Mercantile Trust Co. increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 247.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,361 shares of the technology company’s stock after acquiring an additional 969 shares during the period. First Mercantile Trust Co.’s holdings in Check Point Software Technologies were worth $160,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHKP. Tower Research Capital LLC TRC bought a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $105,000. Fort L.P. bought a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $120,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Check Point Software Technologies by 50.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock valued at $165,000 after acquiring an additional 566 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $167,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $211,000. 64.41% of the stock is owned by institutional investors.

Shares of NASDAQ CHKP opened at $111.42 on Tuesday. Check Point Software Technologies Ltd. has a 1-year low of $93.76 and a 1-year high of $120.81. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.28 and a beta of 0.68.

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

Several equities analysts have recently issued reports on CHKP shares. Zacks Investment Research raised Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Monday, August 6th. BidaskClub lowered Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 3rd. ValuEngine raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Morgan Stanley increased their price objective on Check Point Software Technologies from $102.00 to $116.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $110.00 price objective on shares of Check Point Software Technologies in a report on Thursday, July 26th. Eighteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $115.33.

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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 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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