Check Point Software Technologies Ltd. (CHKP) Shares Bought by Polen Capital Management LLC

Polen Capital Management LLC increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 26.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,015 shares of the technology company’s stock after acquiring an additional 9,462 shares during the quarter. Check Point Software Technologies comprises approximately 0.0% of Polen Capital Management LLC’s portfolio, making the stock its 28th biggest position. Polen Capital Management LLC’s holdings in Check Point Software Technologies were worth $5,297,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in Check Point Software Technologies in the second quarter worth $105,000. Fort L.P. purchased a new position in Check Point Software Technologies during the second quarter valued at $120,000. First Mercantile Trust Co. lifted its position in Check Point Software Technologies by 247.2% during the third quarter. First Mercantile Trust Co. now owns 1,361 shares of the technology company’s stock valued at $160,000 after buying an additional 969 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Check Point Software Technologies by 50.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock valued at $165,000 after buying an additional 566 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in Check Point Software Technologies during the third quarter valued at $167,000. 64.41% of the stock is owned by institutional investors.

Shares of NASDAQ:CHKP opened at $109.14 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $93.76 and a 1-year high of $120.81. The firm has a market cap of $17.84 billion, a PE ratio of 22.32, a P/E/G ratio of 2.17 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.02. Check Point Software Technologies had a return on equity of 23.04% and a net margin of 43.35%. The firm had revenue of $470.80 million during the quarter, compared to the consensus estimate of $465.94 million. During the same period last year, the company earned $1.30 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 5.2 EPS for the current fiscal year.

Several equities analysts have commented on the company. Morgan Stanley lowered their price objective on Check Point Software Technologies from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Thursday, October 25th. ValuEngine raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. BMO Capital Markets lowered their price objective on Check Point Software Technologies to $120.00 and set a “market perform” rating for the company in a research report on Friday, October 26th. Zacks Investment Research lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Robert W. Baird reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Thursday, October 18th. Eighteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and an average target price of $115.33.

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About Check Point Software Technologies

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 and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; 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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