83,233 Shares in Check Point Software Technologies Ltd. (CHKP) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 83,233 shares of the technology company’s stock, valued at approximately $8,544,000. Oppenheimer Asset Management Inc. owned about 0.05% of Check Point Software Technologies at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CHKP. IFP Advisors Inc increased its position in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares during the period. Ameritas Investment Partners Inc. increased its position in Check Point Software Technologies by 1.9% in the first quarter. Ameritas Investment Partners Inc. now owns 3,084 shares of the technology company’s stock worth $317,000 after buying an additional 57 shares during the period. Raymond James Trust N.A. increased its position in Check Point Software Technologies by 1.5% in the first quarter. Raymond James Trust N.A. now owns 4,976 shares of the technology company’s stock worth $511,000 after buying an additional 72 shares during the period. Trust Co. of Vermont increased its position in Check Point Software Technologies by 6.0% in the first quarter. Trust Co. of Vermont now owns 1,775 shares of the technology company’s stock worth $182,000 after buying an additional 100 shares during the period. Finally, Comerica Bank increased its position in Check Point Software Technologies by 0.7% in the fourth quarter. Comerica Bank now owns 20,102 shares of the technology company’s stock worth $1,823,000 after buying an additional 134 shares during the period. 72.42% of the stock is owned by institutional investors.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 114.32 on Tuesday. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $115.87. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 26.51 and a beta of 0.73. The company has a 50-day moving average price of $111.10 and a 200-day moving average price of $101.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 27th. The technology company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.03. Check Point Software Technologies had a return on equity of 21.53% and a net margin of 41.75%. The business had revenue of $435.50 million for the quarter, compared to the consensus estimate of $432.41 million. During the same period in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.17 earnings per share for the current year.

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A number of research analysts recently commented on CHKP shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $118.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 27th. BTIG Research reaffirmed a “buy” rating and issued a $118.00 price target on shares of Check Point Software Technologies in a research note on Monday, April 24th. Cleveland Research raised Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, April 24th. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Morgan Stanley raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $87.00 to $107.00 in a research note on Tuesday, April 18th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Check Point Software Technologies currently has a consensus rating of “Buy” and a consensus price target of $108.07.

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.

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

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