The Edmond DE Rothschild Monaco Invests $145,000 in Check Point Software Technologies Ltd. (CHKP), Report finds

The Edmond DE Rothschild Monaco Invests $145,000 in Check Point Software Technologies Ltd. (CHKP), Report finds

Several other large investors have also modified their holdings of CHKP. Acadia Trust NA purchased a new position in shares of Check Point Software Technologies during the third quarter valued at $4,128,000. Maple Capital Management Inc. increased its position in shares of Check Point Software Technologies by 3.5% in the third quarter. Maple Capital Management Inc. now owns 82,833 shares of the company’s stock valued at $6,429,000 after buying an additional 2,818 shares in the last quarter. Perkins Investment Management LLC increased its position in shares of Check Point Software Technologies by 38.7% in the third quarter. Perkins Investment Management LLC now owns 1,542,087 shares of the company’s stock valued at $119,681,000 after buying an additional 430,242 shares in the last quarter. Edmond de Rothschild Europe increased its position in shares of Check Point Software Technologies by 9.6% in the third quarter. Edmond de Rothschild Europe now owns 11,455 shares of the company’s stock valued at $889,000 after buying an additional 1,005 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Check Point Software Technologies during the third quarter valued at $236,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Edmond DE Rothschild Monaco acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,866 shares of the company’s stock, valued at approximately $145,000.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.301% on Monday, hitting $100.885. 133,141 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $93.08 and its 200-day moving average price is $82.52. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $101.77. The company has a market cap of $16.87 billion, a PE ratio of 24.135 and a beta of 0.87.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, January 19th. The company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.21. The firm had revenue of $487 million for the quarter, compared to analysts’ expectations of $478.07 million. Check Point Software Technologies had a net margin of 41.63% and a return on equity of 21.19%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

CHKP has been the topic of several research analyst reports. Wells Fargo & Company reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, December 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $118.00 price target (up previously from $100.00) on shares of Check Point Software Technologies in a research note on Wednesday, January 18th. Macquarie reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 31st. Cowen and Company reiterated an “outperform” rating and issued a $87.00 price target on shares of Check Point Software Technologies in a research note on Monday, October 31st. Finally, BTIG Research upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Monday, February 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $99.38.

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

Related posts

Leave a Comment