Hartford Investment Management Co. decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,547 shares of the technology company’s stock after selling 235 shares during the period. Hartford Investment Management Co.’s holdings in Check Point Software Technologies were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHKP. Crestwood Advisors Group LLC bought a new position in Check Point Software Technologies during the first quarter valued at about $154,000. Bronfman E.L. Rothschild L.P. raised its position in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares in the last quarter. IFP Advisors Inc raised its position in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock valued at $155,000 after buying an additional 36 shares in the last quarter. Quadrant Capital Group LLC raised its position in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock valued at $153,000 after buying an additional 371 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.41% during trading on Monday, reaching $106.57. The company’s stock had a trading volume of 338,526 shares. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 23.65 and a beta of 0.72. 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 $110.64 and a 200-day moving average price of $105.17.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 EPS 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 firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same quarter in the previous year, the company posted $1.09 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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Several research firms have issued reports on CHKP. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $128.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, July 26th. Cowen and Company reiterated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, July 21st. Argus reiterated a “buy” rating and set a $124.00 price objective (up from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Finally, Piper Jaffray Companies cut Check Point Software Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $116.00 to $108.00 in a report on Friday, July 21st. Eighteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $109.25.

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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