Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,501 shares of the technology company’s stock after buying an additional 298 shares during the quarter. MML Investors Services LLC’s holdings in Check Point Software Technologies were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Altrinsic Global Advisors LLC grew its position in shares of Check Point Software Technologies by 6.3% during the first quarter. Altrinsic Global Advisors LLC now owns 1,796,097 shares of the technology company’s stock worth $201,109,000 after buying an additional 106,183 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Check Point Software Technologies by 91.2% during the first quarter. Gabelli Funds LLC now owns 13,000 shares of the technology company’s stock worth $1,456,000 after buying an additional 6,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Check Point Software Technologies by 37.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,954 shares of the technology company’s stock worth $1,674,000 after buying an additional 4,100 shares in the last quarter. Heron Bay Capital Management grew its position in shares of Check Point Software Technologies by 40.0% during the first quarter. Heron Bay Capital Management now owns 36,949 shares of the technology company’s stock worth $4,137,000 after buying an additional 10,551 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in shares of Check Point Software Technologies by 24.9% during the first quarter. Pinebridge Investments L.P. now owns 18,483 shares of the technology company’s stock worth $2,070,000 after buying an additional 3,679 shares in the last quarter. 68.67% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $121.00 price target for the company in a report on Tuesday, April 6th. Cowen assumed coverage on Check Point Software Technologies in a report on Wednesday, May 26th. They issued an “outperform” rating and a $140.00 price target for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Check Point Software Technologies in a report on Thursday, April 15th. OTR Global raised Check Point Software Technologies from a “mixed” rating to a “positive” rating in a report on Friday, July 9th. Finally, BMO Capital Markets lowered their price target on Check Point Software Technologies from $140.00 to $135.00 and set a “market perform” rating for the company in a report on Tuesday, April 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $132.13.

Check Point Software Technologies stock opened at $123.22 on Thursday. Check Point Software Technologies Ltd. has a 12 month low of $109.07 and a 12 month high of $139.26. The business’s 50 day moving average is $118.80. The stock has a market capitalization of $16.90 billion, a PE ratio of 20.27, a PEG ratio of 2.75 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Sunday, April 25th. The technology company reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.04. Check Point Software Technologies had a return on equity of 25.69% and a net margin of 40.79%. The business had revenue of $507.60 million during the quarter, compared to analysts’ expectations of $502.92 million. During the same quarter in the prior year, the business earned $1.42 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 6 earnings per share for the current fiscal year.

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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile; Check Point Network Security, security gateways and software platforms that support small business and large enterprise data center and telco-grade environment; 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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