Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 693.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 72,300 shares of the technology company’s stock after purchasing an additional 63,190 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Check Point Software Technologies were worth $9,609,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Boston Trust Walden Corp lifted its position in Check Point Software Technologies by 4.2% during the fourth quarter. Boston Trust Walden Corp now owns 92,372 shares of the technology company’s stock valued at $12,277,000 after buying an additional 3,720 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Check Point Software Technologies by 54.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 182,436 shares of the technology company’s stock worth $24,248,000 after purchasing an additional 64,082 shares during the period. QCI Asset Management Inc. NY increased its holdings in Check Point Software Technologies by 3.5% in the 4th quarter. QCI Asset Management Inc. NY now owns 188,273 shares of the technology company’s stock valued at $25,023,000 after purchasing an additional 6,378 shares in the last quarter. Creative Planning raised its position in Check Point Software Technologies by 179.5% in the fourth quarter. Creative Planning now owns 20,486 shares of the technology company’s stock valued at $2,723,000 after purchasing an additional 13,157 shares during the period. Finally, Steigerwald Gordon & Koch Inc. lifted its stake in shares of Check Point Software Technologies by 1.4% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 92,382 shares of the technology company’s stock worth $12,278,000 after purchasing an additional 1,259 shares in the last quarter. Hedge funds and other institutional investors own 67.86% of the company’s stock.

Several equities research analysts recently commented on CHKP shares. OTR Global upgraded Check Point Software Technologies to a “positive” rating in a report on Friday, January 8th. JPMorgan Chase & Co. downgraded shares of Check Point Software Technologies from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $141.00 to $134.00 in a research note on Wednesday, December 9th. Pritchard Capital lifted 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 note on Thursday, February 4th. BTIG Research upped their price objective on shares of Check Point Software Technologies from $143.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, December 31st. Finally, Mizuho lifted their target price on 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. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $124.85.

Shares of NASDAQ:CHKP opened at $114.93 on Thursday. The company has a market cap of $16.72 billion, a PE ratio of 19.58, a P/E/G ratio of 2.82 and a beta of 0.66. Check Point Software Technologies Ltd. has a fifty-two week low of $100.66 and a fifty-two week high of $139.26. The firm has a 50-day simple moving average of $114.52 and a 200 day simple moving average of $121.26.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, February 2nd. The technology company reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.06. The company had revenue of $563.80 million during the quarter, compared to the consensus estimate of $556.03 million. Check Point Software Technologies had a return on equity of 25.10% and a net margin of 41.47%. Check Point Software Technologies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.02 earnings per share. As a group, analysts expect that Check Point Software Technologies Ltd. will post 6.04 earnings per share for the current fiscal 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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