Check Point Software Technologies Ltd. (CHKP) Stake Lowered by Comerica Securities Inc.

Comerica Securities Inc. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,473 shares of the technology company’s stock after selling 232 shares during the period. Comerica Securities Inc.’s holdings in Check Point Software Technologies were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHKP. State Board of Administration of Florida Retirement System raised its stake in shares of Check Point Software Technologies by 5.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,678 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 600 shares during the period. American Century Companies Inc. bought a new stake in shares of Check Point Software Technologies during the 1st quarter worth $267,000. Comerica Bank raised its stake in shares of Check Point Software Technologies by 12.4% during the 1st quarter. Comerica Bank now owns 22,596 shares of the technology company’s stock worth $2,358,000 after purchasing an additional 2,494 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Check Point Software Technologies by 12.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 287,270 shares of the technology company’s stock worth $29,491,000 after purchasing an additional 32,543 shares during the period. Finally, British Columbia Investment Management Corp raised its stake in shares of Check Point Software Technologies by 8.1% during the 1st quarter. British Columbia Investment Management Corp now owns 16,000 shares of the technology company’s stock worth $1,643,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 67.82% of the company’s stock.

CHKP has been the topic of a number of recent analyst reports. Citigroup Inc. lifted their target price on Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, May 25th. Vetr cut 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 note on Thursday, May 25th. BMO Capital Markets reiterated a “hold” rating and set a $117.00 target price on shares of Check Point Software Technologies in a research note on Thursday, June 1st. Susquehanna Bancshares Inc initiated coverage on Check Point Software Technologies in a research note on Wednesday, June 7th. They set a “positive” rating and a $132.00 target price on the stock. Finally, BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Seventeen 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 presently has an average rating of “Hold” and a consensus target price of $110.64.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at 113.00 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The company has a market capitalization of $18.46 billion, a PE ratio of 25.07 and a beta of 0.73. The company has a 50-day moving average price of $108.86 and a 200-day moving average price of $107.39.

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

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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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