Penn Davis Mcfarland Inc. Sells 5,182 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Penn Davis Mcfarland Inc. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,068 shares of the technology company’s stock after selling 5,182 shares during the period. Check Point Software Technologies accounts for approximately 3.7% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 10th largest position. Penn Davis Mcfarland Inc. owned 0.07% of Check Point Software Technologies worth $12,333,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CHKP. Quadrant Capital Group LLC boosted its stake in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock valued at $153,000 after buying an additional 371 shares during the period. Crestwood Advisors Group LLC acquired a new stake in Check Point Software Technologies during the first quarter valued at approximately $154,000. IFP Advisors Inc boosted its stake 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 valued at $155,000 after buying an additional 36 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 71.65% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (CHKP) traded up 0.44% during trading on Friday, hitting $107.29. The company’s stock had a trading volume of 622,180 shares. The firm’s 50 day moving average is $108.84 and its 200-day moving average is $105.95. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The company has a market capitalization of $17.52 billion, a P/E ratio of 23.81 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.04. The firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by BNB Daily and is the property of of BNB Daily. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/penn-davis-mcfarland-inc-cuts-stake-in-check-point-software-technologies-ltd-nasdaqchkp-updated-updated-updated.html.

Several analysts have commented on the company. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Susquehanna Bancshares Inc assumed coverage on Check Point Software Technologies in a report on Wednesday, June 7th. They issued a “positive” rating and a $132.00 price target for the company. BMO Capital Markets restated a “hold” rating and issued a $117.00 price target on shares of Check Point Software Technologies in a report on Thursday, June 1st. Vetr cut Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price target for the company. in a report on Thursday, May 25th. Finally, Citigroup Inc. lifted their price target on Check Point Software Technologies from $109.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, May 25th. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $109.47.

About Check Point Software Technologies

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)

Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply