AT Bancorp bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,007 shares of the technology company’s stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Check Point Software Technologies by 1.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,349,727 shares of the technology company’s stock valued at $1,267,823,000 after buying an additional 229,321 shares during the last quarter. BlackRock Inc. increased its position in Check Point Software Technologies by 1,778.0% in the first quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after buying an additional 4,885,975 shares during the last quarter. FMR LLC increased its position in Check Point Software Technologies by 35.3% in the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after buying an additional 810,843 shares during the last quarter. William Blair Investment Management LLC increased its position in Check Point Software Technologies by 6.4% in the first quarter. William Blair Investment Management LLC now owns 2,560,834 shares of the technology company’s stock valued at $262,895,000 after buying an additional 155,142 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in Check Point Software Technologies by 23.1% in the second quarter. APG Asset Management N.V. now owns 1,665,511 shares of the technology company’s stock valued at $181,674,000 after buying an additional 312,620 shares during the last quarter. 72.46% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 106.83 on Tuesday. The firm’s 50-day moving average is $110.64 and its 200-day moving average is $105.17. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 23.70 and a beta of 0.72.

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 the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The firm had revenue of $458.60 million during the quarter, compared to analyst estimates of $454.62 million. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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CHKP has been the topic of several research reports. BTIG Research restated a “buy” rating and set a $118.00 price objective on shares of Check Point Software Technologies in a report on Monday, April 24th. Cleveland Research upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a report on Monday, April 24th. Jefferies Group LLC restated a “buy” rating and set a $118.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 27th. BidaskClub downgraded shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Cowen and Company restated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, July 21st. Eighteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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.

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

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