Healthcare of Ontario Pension Plan Trust Fund Raises Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

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

A number of other institutional investors also recently added to or reduced their stakes in the stock. NEXT Financial Group Inc acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $31,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Check Point Software Technologies by 65.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 248 shares of the technology company’s stock valued at $33,000 after purchasing an additional 98 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Check Point Software Technologies by 384.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 227 shares during the period. Valeo Financial Advisors LLC grew its holdings in Check Point Software Technologies by 524.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 306 shares of the technology company’s stock valued at $41,000 after purchasing an additional 257 shares in the last quarter. Finally, RMR Wealth Builders purchased a new stake in Check Point Software Technologies during the 4th quarter worth $54,000. 67.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CHKP opened at $114.93 on Thursday. The firm has a fifty day moving average of $114.52 and a two-hundred day moving average of $121.26. Check Point Software Technologies Ltd. has a 12-month low of $100.66 and a 12-month high of $139.26. The firm has a market capitalization of $16.72 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

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

A number of brokerages have recently issued reports on CHKP. Pritchard Capital lifted their target price on 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. Mizuho increased their target price on Check Point Software Technologies from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, January 12th. 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 note on Wednesday, December 9th. OTR Global upgraded shares of Check Point Software Technologies to a “positive” rating in a research note on Friday, January 8th. Finally, BTIG Research boosted their target price 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. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $124.85.

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 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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