Great West Life Assurance Co. Can Trims Stake in Check Point Software Technologies Ltd. (CHKP)

Great West Life Assurance Co. Can trimmed its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,155 shares of the technology company’s stock after selling 18,039 shares during the quarter. Great West Life Assurance Co. Can owned 0.12% of Check Point Software Technologies worth $23,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CHKP. Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $105,000. Fort L.P. bought a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $120,000. First Mercantile Trust Co. boosted its position in shares of Check Point Software Technologies by 247.2% in the third quarter. First Mercantile Trust Co. now owns 1,361 shares of the technology company’s stock valued at $160,000 after acquiring an additional 969 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $167,000. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $211,000. 64.41% of the stock is owned by institutional investors.

Check Point Software Technologies stock opened at $111.81 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $93.76 and a 52-week high of $120.81. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.22 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, October 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.02. Check Point Software Technologies had a return on equity of 23.04% and a net margin of 43.35%. The firm had revenue of $470.80 million during the quarter, compared to analyst estimates of $465.94 million. During the same period in the prior year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 5.2 EPS for the current fiscal year.

Several brokerages recently commented on CHKP. Morgan Stanley reduced their target price on Check Point Software Technologies from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Thursday, October 25th. BMO Capital Markets reduced their target price on Check Point Software Technologies to $120.00 and set a “market perform” rating for the company in a research report on Friday, October 26th. ValuEngine raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Zacks Investment Research raised Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Monday, August 6th. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Thursday, October 18th. Eighteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $115.33.

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Check Point Software Technologies 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 and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; 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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