American International Group Inc. Has $3.07 Million Stake in Check Point Software Technologies Ltd. (CHKP)

American International Group Inc. decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,058 shares of the technology company’s stock after selling 1,134 shares during the quarter. American International Group Inc.’s holdings in Check Point Software Technologies were worth $3,066,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in Check Point Software Technologies by 0.6% during the 3rd quarter. BlackRock Inc. now owns 5,256,358 shares of the technology company’s stock worth $618,516,000 after acquiring an additional 29,284 shares during the last quarter. Twin Tree Management LP lifted its stake in Check Point Software Technologies by 126.9% in the third quarter. Twin Tree Management LP now owns 48,942 shares of the technology company’s stock valued at $5,759,000 after buying an additional 27,370 shares in the last quarter. Fosun International Ltd bought a new position in Check Point Software Technologies in the third quarter valued at approximately $2,102,000. Seizert Capital Partners LLC bought a new position in Check Point Software Technologies in the third quarter valued at approximately $28,279,000. Finally, Claraphi Advisory Network LLC bought a new position in Check Point Software Technologies in the third quarter valued at approximately $300,000. Institutional investors own 66.83% of the company’s stock.

Shares of CHKP stock opened at $106.28 on Monday. The firm has a market capitalization of $17.37 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12 month low of $93.76 and a 12 month high of $120.81.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.02. The business had revenue of $470.80 million for the quarter, compared to analyst estimates of $465.94 million. Check Point Software Technologies had a net margin of 43.35% and a return on equity of 23.04%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 5.2 EPS for the current year.

CHKP has been the topic of a number of research reports. BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 18th. Zacks Investment Research raised 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 note on Tuesday, September 25th. Robert W. Baird reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, October 18th. Wedbush initiated coverage on shares of Check Point Software Technologies in a research note on Thursday, October 18th. They issued an “outperform” rating and a $140.00 price target on the stock. Finally, Morgan Stanley cut their price target on shares of Check Point Software Technologies from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 25th. Eighteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price 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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