The Bank of Montreal Can Acquires Shares of 57,526 Check Point Software Technologies Ltd. (CHKP)

The Bank of Montreal Can Acquires Shares of 57,526 Check Point Software Technologies Ltd. (CHKP)

Bank of Montreal Can bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, Holdings Channel reports. The firm bought 57,526 shares of the company’s stock, valued at approximately $4,584,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. British Columbia Investment Management Corp raised its position in shares of Check Point Software Technologies by 100.0% in the second quarter. British Columbia Investment Management Corp now owns 14,800 shares of the company’s stock valued at $1,179,000 after buying an additional 7,400 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Check Point Software Technologies during the first quarter valued at about $306,000. Creative Planning raised its position in shares of Check Point Software Technologies by 5.4% in the second quarter. Creative Planning now owns 5,782 shares of the company’s stock valued at $461,000 after buying an additional 294 shares during the period. A.R.T. Advisors LLC raised its position in shares of Check Point Software Technologies by 7.2% in the first quarter. A.R.T. Advisors LLC now owns 78,980 shares of the company’s stock valued at $6,908,000 after buying an additional 5,300 shares during the period. Finally, Train Babcock Advisors LLC raised its position in shares of Check Point Software Technologies by 4.2% in the second quarter. Train Babcock Advisors LLC now owns 68,450 shares of the company’s stock valued at $5,455,000 after buying an additional 2,787 shares during the period. 73.79% of the stock is currently owned by institutional investors.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.55% during mid-day trading on Thursday, reaching $76.35. The company’s stock had a trading volume of 1,110,192 shares. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 19.60 and a beta of 0.96. The stock has a 50-day moving average price of $76.66 and a 200-day moving average price of $80.59. Check Point Software Technologies Ltd. has a one year low of $71.64 and a one year high of $89.98.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $423 million for the quarter, compared to analysts’ expectations of $422.19 million. Check Point Software Technologies had a return on equity of 20.18% and a net margin of 41.19%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. Equities research analysts forecast that Check Point Software Technologies Ltd. will post $4.46 EPS for the current year.

CHKP has been the topic of several recent research reports. Robert W. Baird began coverage on shares of Check Point Software Technologies in a research note on Tuesday, August 23rd. They issued a “neutral” rating and a $83.00 target price on the stock. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $94.00 price target on shares of Check Point Software Technologies in a research report on Monday. Wells Fargo & Co. reiterated a “market perform” rating on shares of Check Point Software Technologies in a research report on Monday, September 26th. Piper Jaffray Cos. began coverage on shares of Check Point Software Technologies in a research report on Wednesday, September 28th. They issued an “overweight” rating and a $95.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.50.

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.

Related posts

Leave a Comment