Todays Report: Today, First Trust Advisors LP Buys 50,260 Shares of Check Point Software Technologies Ltd. (CHKP)

Today, First Trust Advisors LP Buys 50,260 Shares of Check Point Software Technologies Ltd. (CHKP)

First Trust Advisors LP raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 275,645 shares of the company’s stock after buying an additional 50,260 shares during the period. First Trust Advisors LP owned approximately 0.16% of Check Point Software Technologies worth $21,393,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Check Point Software Technologies by 11.5% in the first quarter. Geode Capital Management LLC now owns 201,804 shares of the company’s stock worth $17,630,000 after buying an additional 20,843 shares during the period. LPL Financial LLC boosted its stake in Check Point Software Technologies by 9.3% in the first quarter. LPL Financial LLC now owns 25,755 shares of the company’s stock worth $2,188,000 after buying an additional 2,194 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Check Point Software Technologies by 9.3% in the first quarter. Panagora Asset Management Inc. now owns 290,015 shares of the company’s stock worth $25,368,000 after buying an additional 24,712 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in Check Point Software Technologies by 17.6% in the first quarter. First Republic Investment Management Inc. now owns 46,419 shares of the company’s stock worth $4,060,000 after buying an additional 6,957 shares during the last quarter. Finally, Origin Asset Management LLP boosted its stake in Check Point Software Technologies by 79.6% in the first quarter. Origin Asset Management LLP now owns 53,876 shares of the company’s stock worth $4,713,000 after buying an additional 23,876 shares during the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) remained flat at $83.03 during trading on Thursday. The company’s stock had a trading volume of 1,014,223 shares. The stock’s 50-day moving average price is $80.71 and its 200-day moving average price is $79.80. Check Point Software Technologies Ltd. has a one year low of $71.64 and a one year high of $89.98. The firm has a market cap of $14.04 billion, a P/E ratio of 20.93 and a beta of 0.91.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Monday, October 31st. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. Check Point Software Technologies had a net margin of 40.73% and a return on equity of 20.32%. The firm had revenue of $428 million for the quarter, compared to the consensus estimate of $422.79 million. During the same period in the prior year, the firm posted $1.04 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts expect that Check Point Software Technologies Ltd. will post $4.52 earnings per share for the current year.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Check Point Software Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. William Blair reiterated an “outperform” rating on shares of Check Point Software Technologies in a report on Tuesday, November 1st. Wunderlich reiterated a “hold” rating and set a $85.00 price target on shares of Check Point Software Technologies in a report on Tuesday, November 1st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $95.00 price target on shares of Check Point Software Technologies in a report on Wednesday, July 27th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $100.00 price target on shares of Check Point Software Technologies in a report on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $90.21.

Check Point Software Technologies Company Profile

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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