Check Point Software Technologies Ltd. (CHKP) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 75.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,338 shares of the technology company’s stock after selling 222,203 shares during the quarter. Prudential Financial Inc.’s holdings in Check Point Software Technologies were worth $8,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position in Check Point Software Technologies by 10.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after purchasing an additional 146 shares in the last quarter. Parallel Advisors LLC boosted its position in Check Point Software Technologies by 13.9% during the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock worth $173,000 after purchasing an additional 202 shares in the last quarter. Trust Co. of Vermont boosted its position in Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after purchasing an additional 39 shares in the last quarter. IFP Advisors Inc boosted its position in Check Point Software Technologies by 21.6% during the second quarter. IFP Advisors Inc now owns 1,840 shares of the technology company’s stock worth $201,000 after purchasing an additional 327 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Check Point Software Technologies during the second quarter worth $206,000. Institutional investors own 67.82% of the company’s stock.

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Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 112.74 on Friday. The company has a 50-day moving average price of $108.67 and a 200 day moving average price of $107.30. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 25.01 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The business had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. Check Point Software Technologies’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

A number of analysts have commented on the company. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Susquehanna Bancshares Inc assumed coverage on Check Point Software Technologies in a research report on Wednesday, June 7th. They set a “positive” rating and a $132.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating and set a $117.00 target price on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Cowen and Company reiterated a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, September 8th. Finally, Vetr downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price on the stock. in a research report on Thursday, May 25th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $110.64.

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)

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