Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.60 Million Holdings in Check Point Software Technologies Ltd. (CHKP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,600 shares of the technology company’s stock after selling 4,700 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Check Point Software Technologies were worth $1,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CHKP. Millennium Management LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $478,000. Xact Kapitalforvaltning AB lifted its position in Check Point Software Technologies by 13.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 13,100 shares of the technology company’s stock worth $1,280,000 after buying an additional 1,600 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Check Point Software Technologies by 962.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 49,670 shares of the technology company’s stock worth $500,000 after buying an additional 44,997 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Check Point Software Technologies by 50.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock worth $165,000 after buying an additional 566 shares in the last quarter. Finally, Creative Planning lifted its position in Check Point Software Technologies by 27.0% during the 2nd quarter. Creative Planning now owns 6,157 shares of the technology company’s stock worth $601,000 after buying an additional 1,310 shares in the last quarter. Institutional investors own 64.41% of the company’s stock.

Check Point Software Technologies stock 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 stock has a market cap of $17.65 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, October 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.02. Check Point Software Technologies had a net margin of 43.35% and a return on equity of 23.04%. The company had revenue of $470.80 million for the quarter, compared to the consensus estimate of $465.94 million. During the same period in the prior year, the company posted $1.30 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 5.2 earnings per share for the current year.

Several brokerages recently issued reports on CHKP. BidaskClub upgraded shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Tuesday, September 25th. ValuEngine upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Robert W. Baird reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Thursday, October 18th. Finally, Wedbush began coverage on shares of Check Point Software Technologies in a research report on Thursday, October 18th. They set an “outperform” rating and a $140.00 price target on the stock. Eighteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $115.33.

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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 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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