Fisher Asset Management LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,300 shares of the company’s stock after selling 1,300 shares during the period. Fisher Asset Management LLC’s holdings in Check Point Software Technologies were worth $3,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harding Loevner LP acquired a new position in Check Point Software Technologies during the third quarter valued at $188,714,000. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of Check Point Software Technologies by 59.9% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,325,000 shares of the company’s stock valued at $264,936,000 after buying an additional 1,246,000 shares during the last quarter. Vulcan Value Partners LLC raised its stake in shares of Check Point Software Technologies by 111.9% in the second quarter. Vulcan Value Partners LLC now owns 2,206,298 shares of the company’s stock valued at $175,798,000 after buying an additional 1,165,059 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Check Point Software Technologies by 210.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,336,452 shares of the company’s stock valued at $106,488,000 after buying an additional 906,649 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Check Point Software Technologies by 51.1% in the second quarter. State Street Corp now owns 2,171,301 shares of the company’s stock valued at $173,020,000 after buying an additional 734,553 shares during the last quarter. 71.38% of the stock is currently owned by institutional investors and hedge funds.

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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 0.91% on Wednesday, reaching $82.33. The company had a trading volume of 1,316,722 shares. Check Point Software Technologies Ltd. has a 52 week low of $71.64 and a 52 week high of $89.98. The company has a market capitalization of $13.92 billion, a P/E ratio of 20.75 and a beta of 0.91. The stock’s 50-day moving average is $81.05 and its 200-day moving average is $79.79.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Monday, October 31st. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Check Point Software Technologies had a return on equity of 20.32% and a net margin of 40.73%. The company had revenue of $428 million for the quarter, compared to analysts’ expectations of $422.79 million. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts forecast that Check Point Software Technologies Ltd. will post $4.52 EPS for the current fiscal year.

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CHKP has been the topic of several research reports. Deutsche Bank AG restated a “hold” rating on shares of Check Point Software Technologies in a research note on Saturday, October 15th. Zacks Investment Research upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Wednesday. Robert W. Baird restated a “neutral” rating on shares of Check Point Software Technologies in a research note on Tuesday, November 1st. Wunderlich initiated coverage on Check Point Software Technologies in a research note on Tuesday, September 13th. They issued a “hold” rating and a $80.00 target price on the stock. Finally, William Blair restated an “outperform” rating on shares of Check Point Software Technologies in a research note on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $90.02.

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.

5 Day Chart for NASDAQ:CHKP

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