Check Point Software Technologies Ltd. (NASDAQ:CHKP) is seeing an increase in its stake by institutional investors and hedge funds. Several institutional investors and hedge funds have either added to or reduced their stakes in the company. Private Advisor Group LLC and Yousif Capital Management LLC have both added to their holdings. Analysts offering opinions on CHKP stock are divided, with differing price objectives and ratings. However, the company’s latest financial results suggest strong market performance, with a higher EPS than predicted and strong revenue growth compared to the previous year. Check Point Software Technologies provides IT security software and hardware solutions that help safeguard sensitive digital information for individuals and organizations alike.
Mcrae Capital Management Inc. Reduces Stake in Check Point Software Technologies Ltd.
Mcrae Capital Management Inc. has decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP), according to its latest filing with the Securities and Exchange Commission. The investment management firm sold 2,150 shares in the fourth quarter, representing a 1.9% decrease in their holdings, and leaving them with a total of 113,929 CHKP shares. This move resulted in Mcrae Capital Management Inc. relying on CHKP for approximately 4.2% of their portfolio, down from their previously larger stake.
Although this could suggest that the firm has a bearish outlook on CHKP’s future growth prospects, experts see this as a regular practice in managing portfolios. Mcrae Capital Management Inc.’s stake in CHKP is currently valued at $14,373,000, which is less than 0.09% of CKHP’s overall market value.
If you’re interested in exploring other investment options or insider trading within Check Point Technology Ltd., you can visit HoldingsChannel.com for the latest information on CHKP’s movements.
Despite Mcrae Capital Management Inc.’s decrease in holdings, CHKP shares traded up by $0.07 on Wednesday, reaching $126.86 per share. However, the trading volume was relatively low compared to its average volume of just over three-quarters-of-a-million stocks.
This move by Mcrae Capital Management Inc. is a common practice in managing portfolios and maintaining a sophisticated investment strategy, regardless of the financial climate. This ensures that investors and shareholders can continue to prosper with the latest financial strategies.
Institutional Investors and Hedge Funds Increase Stake in Check Point Software Technologies Ltd.
In contrast to Mcrae Capital Management Inc.’s decrease in CHKP holdings, institutional investors and hedge funds have increased their stakes in Check Point Software Technologies Ltd. (NASDAQ:CHKP). The company’s institutional ownership stands at 69.65%, while its insider ownership is 0.10%.
During the last quarter, institutional investors purchased 12,360,380 shares, while hedge funds increased their holdings by 2,007,974 shares. This indicates that large investors have a bullish outlook on CHKP’s future growth prospects.
In conclusion, Mcrae Capital Management Inc.’s move to decrease their holdings in CHKP is a common practice in managing portfolios. Meanwhile, institutional investors and hedge funds have increased their stakes, indicating a bullish outlook on the company’s future growth prospects.
Institutional Investors and Hedge Funds Increase Stake in Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) has seen an increase in its stake by institutional investors and hedge funds, according to a report on HoldingsChannel.com. Private Advisor Group LLC lifted its position in the technology company’s shares by 40.4% during the first quarter, with an additional 1,023 shares purchased for a value of $492,000. Yousif Capital Management LLC also grew its position by 7.7% during the same period, acquiring a further 485 shares worth $942,000.
Analysts offering opinions on CHKP stock include Wells Fargo & Company, who upgraded it from an “underweight” to an “equal weight” rating and set a price target of $130 for the company based on performance data up until Tuesday, January 17th. However, FBN Securities cut their price objective on Check Point Software Technologies from $155.00 to $150.00 in their February 13th report, while Morgan Stanley lowered theirs further from $125.00 to $116.00 on Tuesday, February 14th and gave it an “underweight” rating.
Check Point Software Technologies provides IT security software and hardware solutions including Quantum, CloudGuard, Harmony, and Infinity-Vision that help safeguard sensitive digital information for individuals and organizations alike. The founders Gil Shwed, Marius Nacht, and Shlomo Kramer established it in Tel Aviv back in July 1993. Today’s consensus rating for the company is “Hold,” and its latest financial results show an EPS of $2.45 per share against predicted EPS of $2.36, as well as strong revenue growth compared to last year, up approximately 6%.
In conclusion, institutional investors and hedge funds have increased their stakes in Check Point Software Technologies Ltd. Private Advisor Group LLC and Yousif Capital Management LLC have both added to their holdings, while several other institutional investors and hedge funds have either added to or reduced their stakes. Despite differing opinions from analysts, the company’s latest financial results suggest strong market performance.
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