Russell Investments Group Ltd. increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 66.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,299 shares of the technology company’s stock after buying an additional 77,298 shares during the period. Russell Investments Group Ltd.’s holdings in Check Point Software Technologies were worth $21,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvey Capital Management Inc. bought a new position in Check Point Software Technologies during the first quarter valued at approximately $205,000. Reilly Financial Advisors LLC raised its position in Check Point Software Technologies by 0.6% in the first quarter. Reilly Financial Advisors LLC now owns 95,641 shares of the technology company’s stock valued at $9,819,000 after buying an additional 613 shares during the last quarter. First United Bank Trust raised its position in Check Point Software Technologies by 4.8% in the first quarter. First United Bank Trust now owns 4,704 shares of the technology company’s stock valued at $483,000 after buying an additional 215 shares during the last quarter. Cim LLC bought a new position in Check Point Software Technologies during the first quarter valued at approximately $227,000. Finally, Howard Capital Management raised its position in Check Point Software Technologies by 1.6% in the first quarter. Howard Capital Management now owns 151,265 shares of the technology company’s stock valued at $15,529,000 after buying an additional 2,365 shares during the last quarter. 72.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 0.41% during mid-day trading on Monday, hitting $106.57. The stock had a trading volume of 313,949 shares. The firm has a market cap of $17.41 billion, a PE 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 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $454.62 million. During the same quarter last year, the company posted $1.09 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Equities analysts predict that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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Several research analysts have recently commented on the company. BidaskClub raised 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 issued a “positive” rating and a $132.00 price target for the company. BMO Capital Markets reissued a “hold” rating and issued a $117.00 price target on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Vetr lowered Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price target for the company. in a research report on Thursday, May 25th. Finally, Citigroup Inc. boosted their price target on Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Eighteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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.

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

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