Clarus Wealth Advisors Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Clarus Wealth Advisors acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,000 shares of the technology company’s stock, valued at approximately $219,000.

Several other large investors have also made changes to their positions in the company. Baldwin Brothers Inc. MA acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $67,000. Butensky & Cohen Financial Security Inc. lifted its stake in shares of Check Point Software Technologies by 11.5% in the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 14,451 shares of the technology company’s stock valued at $1,582,000 after purchasing an additional 1,490 shares during the period. Northwest Bancshares Inc. lifted its stake in shares of Check Point Software Technologies by 4.4% in the 3rd quarter. Northwest Bancshares Inc. now owns 40,719 shares of the technology company’s stock valued at $4,459,000 after purchasing an additional 1,734 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Check Point Software Technologies by 368.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 80,533 shares of the technology company’s stock valued at $8,818,000 after purchasing an additional 63,331 shares during the period. Finally, Atria Investments LLC lifted its stake in shares of Check Point Software Technologies by 8.2% in the 2nd quarter. Atria Investments LLC now owns 8,448 shares of the technology company’s stock valued at $921,000 after purchasing an additional 641 shares during the period. 70.84% of the stock is currently owned by institutional investors.

Shares of CHKP opened at $111.26 on Friday. The stock has a 50 day moving average price of $108.76 and a two-hundred day moving average price of $114.91. The firm has a market capitalization of $16.77 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.36 and a beta of 0.78. Check Point Software Technologies Ltd. has a 52 week low of $98.57 and a 52 week high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. The firm had revenue of $488.10 million during the quarter, compared to analyst estimates of $487.53 million. Check Point Software Technologies had a return on equity of 22.05% and a net margin of 40.99%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. On average, analysts expect that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current year.

CHKP has been the topic of a number of research reports. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $114.00 price target on the stock in a research note on Monday, September 30th. ValuEngine downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. SunTrust Banks initiated coverage on Check Point Software Technologies in a research note on Wednesday, October 2nd. They set a “hold” rating and a $115.00 price target on the stock. BidaskClub raised Check Point Software Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Finally, Bank of America downgraded Check Point Software Technologies from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $130.00 to $116.00 in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $120.82.

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 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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