Creative Financial Designs Inc. ADV Sells 2,845 Shares of Check Point Software Technologies Ltd. (CHKP)

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Creative Financial Designs Inc. ADV cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 51.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,677 shares of the technology company’s stock after selling 2,845 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Check Point Software Technologies were worth $339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ruggie Capital Group boosted its holdings in Check Point Software Technologies by 650.0% in the 4th quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock valued at $31,000 after purchasing an additional 260 shares during the last quarter. Ledyard National Bank raised its stake in shares of Check Point Software Technologies by 196.4% in the 4th quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock valued at $33,000 after acquiring an additional 216 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Check Point Software Technologies by 45.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock valued at $37,000 after acquiring an additional 112 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Check Point Software Technologies by 39,495.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock valued at $39,000 after acquiring an additional 3,980,748 shares during the period. Finally, First Personal Financial Services raised its stake in shares of Check Point Software Technologies by 64.8% in the 1st quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock valued at $47,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

A number of research firms have recently issued reports on CHKP. BidaskClub downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Check Point Software Technologies in a research note on Monday. Northland Securities reissued a “hold” rating and issued a $120.00 price target on shares of Check Point Software Technologies in a research note on Monday. Finally, Oppenheimer boosted their price target on shares of Check Point Software Technologies from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Eighteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $121.05.

CHKP traded up $0.17 during trading hours on Tuesday, hitting $118.52. 1,475,433 shares of the company’s stock were exchanged, compared to its average volume of 1,032,994. Check Point Software Technologies Ltd. has a 12-month low of $93.76 and a 12-month high of $132.76. The company has a market cap of $19.37 billion, a P/E ratio of 22.75, a PEG ratio of 2.26 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.01. Check Point Software Technologies had a net margin of 42.05% and a return on equity of 22.51%. The firm had revenue of $471.83 million for the quarter, compared to the consensus estimate of $471.16 million. During the same period in the prior year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 5.5 earnings per share for the current year.

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About Check Point Software Technologies

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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