Cobiz Wealth LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,018 shares of the technology company’s stock after buying an additional 681 shares during the quarter. Cobiz Wealth LLC’s holdings in Check Point Software Technologies were worth $5,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westport Asset Management Inc. boosted its holdings in shares of Check Point Software Technologies by 21.0% in the 3rd quarter. Westport Asset Management Inc. now owns 17,300 shares of the technology company’s stock valued at $1,887,000 after buying an additional 3,000 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Check Point Software Technologies by 169.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,457 shares of the technology company’s stock valued at $268,000 after buying an additional 1,546 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Check Point Software Technologies by 0.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 403,001 shares of the technology company’s stock valued at $45,950,000 after buying an additional 1,040 shares during the last quarter. Curbstone Financial Management Corp boosted its holdings in shares of Check Point Software Technologies by 95.2% in the 3rd quarter. Curbstone Financial Management Corp now owns 16,200 shares of the technology company’s stock valued at $1,847,000 after buying an additional 7,900 shares during the last quarter. Finally, Clinton Group Inc. acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $496,000. 71.70% of the stock is owned by institutional investors.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up $0.52 during mid-day trading on Tuesday, reaching $105.00. The company’s stock had a trading volume of 1,302,200 shares, compared to its average volume of 1,289,571. The company has a market cap of $17,076.52, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.06 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $96.25 and a 1 year high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 31st. The technology company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $454.63 million for the quarter, compared to analysts’ expectations of $449.39 million. Check Point Software Technologies had a return on equity of 22.46% and a net margin of 42.80%. sell-side analysts predict that Check Point Software Technologies Ltd. will post 4.82 earnings per share for the current year.

CHKP has been the subject of several recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a report on Thursday, October 19th. Oppenheimer reaffirmed a “buy” rating and set a $128.00 price target on shares of Check Point Software Technologies in a report on Monday, October 2nd. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Stephens downgraded Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a report on Wednesday, November 1st. Finally, Barclays cut their price target on Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have given a buy rating to the company. Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $113.89.

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About Check Point Software Technologies

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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