Eqis Capital Management Inc. Acquires 1,774 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Eqis Capital Management Inc. increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,854 shares of the technology company’s stock after buying an additional 1,774 shares during the quarter. Eqis Capital Management Inc.’s holdings in Check Point Software Technologies were worth $4,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHKP. Motco bought a new stake in Check Point Software Technologies in the 2nd quarter worth about $26,000. Private Capital Group LLC grew its stake in shares of Check Point Software Technologies by 81.1% during the 2nd quarter. Private Capital Group LLC now owns 288 shares of the technology company’s stock valued at $28,000 after purchasing an additional 129 shares during the period. Pinnacle Bank grew its stake in shares of Check Point Software Technologies by 69.7% during the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. NuWave Investment Management LLC grew its stake in shares of Check Point Software Technologies by 64.5% during the 2nd quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock valued at $36,000 after purchasing an additional 120 shares during the period. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $37,000. Institutional investors own 70.50% of the company’s stock.

Shares of NASDAQ:CHKP traded up $0.39 during mid-day trading on Tuesday, reaching $116.26. 8,152 shares of the company traded hands, compared to its average volume of 1,182,483. The company’s 50 day moving average price is $109.95 and its 200-day moving average price is $112.67. The firm has a market cap of $17.57 billion, a PE ratio of 22.31, a PEG ratio of 2.47 and a beta of 0.78. Check Point Software Technologies Ltd. has a 52 week low of $98.57 and a 52 week high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Monday, October 28th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.04. The company had revenue of $490.91 million during the quarter, compared to the consensus estimate of $490.94 million. Check Point Software Technologies had a return on equity of 21.86% and a net margin of 40.05%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 EPS. On average, analysts forecast that Check Point Software Technologies Ltd. will post 5.51 EPS for the current year.

A number of research firms have issued reports on CHKP. Jefferies Financial Group downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $140.00 to $115.00 in a research note on Monday, October 7th. Evercore ISI set a $105.00 price target on Check Point Software Technologies and gave the company a “hold” rating in a research note on Wednesday, July 24th. Robert W. Baird restated a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Monday, October 28th. Goldman Sachs Group began coverage on Check Point Software Technologies in a research note on Tuesday. They set a “neutral” rating and a $123.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of Check Point Software Technologies in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $118.72.

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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