Stephens Inc. AR Decreases Holdings in Check Point Software Technologies Ltd. (CHKP)

Stephens Inc. AR lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,044 shares of the technology company’s stock after selling 32 shares during the period. Stephens Inc. AR’s holdings in Check Point Software Technologies were worth $550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CHKP. State Board of Administration of Florida Retirement System lifted its holdings in Check Point Software Technologies by 5.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,678 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 600 shares in the last quarter. American Century Companies Inc. purchased a new position in Check Point Software Technologies in the 1st quarter valued at $267,000. Comerica Bank lifted its holdings in Check Point Software Technologies by 12.4% in the 1st quarter. Comerica Bank now owns 22,596 shares of the technology company’s stock valued at $2,358,000 after purchasing an additional 2,494 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Check Point Software Technologies by 12.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 287,270 shares of the technology company’s stock valued at $29,491,000 after purchasing an additional 32,543 shares in the last quarter. Finally, British Columbia Investment Management Corp lifted its holdings in Check Point Software Technologies by 8.1% in the 1st quarter. British Columbia Investment Management Corp now owns 16,000 shares of the technology company’s stock valued at $1,643,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 67.82% of the company’s stock.

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Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 112.91 on Tuesday. The firm has a market capitalization of $18.44 billion, a P/E ratio of 25.05 and a beta of 0.73. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $116.63. The firm has a 50-day moving average price of $109.04 and a 200 day moving average price of $107.61.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

CHKP has been the topic of a number of research reports. Argus restated a “buy” rating and issued a $124.00 price objective (up previously from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, August 15th. BMO Capital Markets restated a “market perform” rating and issued a $115.00 price objective (down previously from $117.00) on shares of Check Point Software Technologies in a report on Friday, July 21st. Credit Suisse Group initiated coverage on Check Point Software Technologies in a report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price objective on the stock. Finally, BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $110.64.

Check Point Software Technologies Profile

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.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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