Azimuth Capital Management LLC boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,046 shares of the technology company’s stock after acquiring an additional 315 shares during the period. Azimuth Capital Management LLC’s holdings in Check Point Software Technologies were worth $3,861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CHKP. Trustcore Financial Services LLC raised its position in shares of Check Point Software Technologies by 4.1% during the fourth quarter. Trustcore Financial Services LLC now owns 2,187 shares of the technology company’s stock valued at $291,000 after buying an additional 87 shares during the last quarter. Signaturefd LLC raised its position in shares of Check Point Software Technologies by 3.9% during the third quarter. Signaturefd LLC now owns 3,017 shares of the technology company’s stock valued at $363,000 after buying an additional 112 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Check Point Software Technologies by 2.5% during the fourth quarter. Pzena Investment Management LLC now owns 4,890 shares of the technology company’s stock valued at $650,000 after buying an additional 118 shares during the last quarter. Fulton Bank N.A. raised its position in Check Point Software Technologies by 3.1% in the fourth quarter. Fulton Bank N.A. now owns 4,070 shares of the technology company’s stock worth $541,000 after purchasing an additional 122 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Check Point Software Technologies by 9.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,493 shares of the technology company’s stock worth $198,000 after purchasing an additional 123 shares in the last quarter. 67.86% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on CHKP. BTIG Research increased their price target on shares of Check Point Software Technologies from $143.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, December 31st. Pritchard Capital increased their price target on shares of Check Point Software Technologies from $128.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, February 4th. KeyCorp began coverage on shares of Check Point Software Technologies in a research report on Monday, November 23rd. They issued a “sector weight” rating for the company. Mizuho increased their price target on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 12th. Finally, JPMorgan Chase & Co. lowered shares of Check Point Software Technologies from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $141.00 to $134.00 in a research report on Wednesday, December 9th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $124.57.

Shares of CHKP traded down $2.30 during mid-day trading on Tuesday, hitting $113.64. 24,176 shares of the company traded hands, compared to its average volume of 1,535,023. Check Point Software Technologies Ltd. has a one year low of $80.06 and a one year high of $139.26. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.82 and a beta of 0.66. The business has a 50-day moving average of $125.52 and a 200 day moving average of $123.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, February 2nd. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Check Point Software Technologies had a net margin of 41.47% and a return on equity of 25.10%. The firm had revenue of $563.80 million for the quarter, compared to analysts’ expectations of $556.03 million. During the same period last year, the firm earned $2.02 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 6.04 EPS for the current year.

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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile; Check Point Network Security, security gateways and software platforms that support small business and large enterprise data center and telco-grade environment; 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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