Strategic Global Advisors LLC Has $3,417,000 Stake in Check Point Software Technologies Ltd. (CHKP)

Strategic Global Advisors LLC held its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,323 shares of the technology company’s stock at the close of the second quarter. Check Point Software Technologies accounts for approximately 1.3% of Strategic Global Advisors LLC’s holdings, making the stock its 20th largest position. Strategic Global Advisors LLC’s holdings in Check Point Software Technologies were worth $3,417,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after purchasing an additional 20 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Check Point Software Technologies by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after purchasing an additional 31 shares in the last quarter. Baldwin Investment Management LLC increased its position in shares of Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after purchasing an additional 34 shares in the last quarter. Trust Co. of Vermont increased its position in shares of Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after purchasing an additional 39 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Check Point Software Technologies by 0.8% during the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock worth $580,000 after purchasing an additional 41 shares in the last quarter. 67.82% of the stock is currently owned by institutional investors and hedge funds.

CHKP has been the topic of a number of recent analyst reports. Citigroup Inc. upped their price target on Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Vetr downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price target on the stock. in a research report on Thursday, May 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $117.00 price target on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Susquehanna Bancshares Inc initiated coverage on Check Point Software Technologies in a research report on Wednesday, June 7th. They set a “positive” rating and a $132.00 price target on the stock. Finally, BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $110.64.

Check Point Software Technologies Ltd. (CHKP) traded up 0.21% during midday trading on Friday, hitting $113.00. 986,931 shares of the stock traded hands. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $116.63. The company’s 50 day moving average is $108.86 and its 200-day moving average is $107.39. The company has a market cap of $18.46 billion, a P/E ratio of 25.07 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. Check Point Software Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/09/16/strategic-global-advisors-llc-has-3417000-stake-in-check-point-software-technologies-ltd-chkp.html.

Check Point Software Technologies Company 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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply