Virtu Financial LLC Acquires New Position in Check Point Software Technologies Ltd. (CHKP)

Virtu Financial LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,497 shares of the technology company’s stock, valued at approximately $1,235,000.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Check Point Software Technologies by 0.6% in the third quarter. BlackRock Inc. now owns 5,256,358 shares of the technology company’s stock worth $618,516,000 after purchasing an additional 29,284 shares during the last quarter. Flossbach Von Storch AG raised its stake in shares of Check Point Software Technologies by 1,455.9% in the second quarter. Flossbach Von Storch AG now owns 2,486,903 shares of the technology company’s stock worth $242,921,000 after purchasing an additional 2,327,068 shares during the last quarter. FMR LLC raised its stake in shares of Check Point Software Technologies by 3.4% in the second quarter. FMR LLC now owns 2,299,435 shares of the technology company’s stock worth $224,609,000 after purchasing an additional 76,339 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Check Point Software Technologies by 5.0% during the second quarter. Wells Fargo & Company MN now owns 2,226,664 shares of the technology company’s stock valued at $217,499,000 after acquiring an additional 105,407 shares during the last quarter. Finally, Altshuler Shaham Ltd increased its position in shares of Check Point Software Technologies by 43.0% during the third quarter. Altshuler Shaham Ltd now owns 1,801,582 shares of the technology company’s stock valued at $211,992,000 after acquiring an additional 541,444 shares during the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CHKP opened at $111.81 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $93.76 and a 1 year high of $120.81. The firm has a market capitalization of $18.27 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.22 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, October 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $470.80 million during the quarter, compared to the consensus estimate of $465.94 million. During the same period last year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 5.2 EPS for the current fiscal year.

CHKP has been the subject of a number of research analyst reports. Zacks Investment Research raised Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Monday, August 6th. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 18th. Robert W. Baird reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Thursday, October 18th. Wedbush initiated coverage on Check Point Software Technologies in a research report on Thursday, October 18th. They set an “outperform” rating and a $140.00 price target for the company. Finally, Morgan Stanley decreased their price target 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. Eighteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $115.33.

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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 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.

Read More: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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