CIBC Asset Management Inc increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 17,664 shares of the technology company’s stock after buying an additional 544 shares during the period. CIBC Asset Management Inc’s holdings in Check Point Software Technologies were worth $1,927,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. bought a new position in Check Point Software Technologies during the first quarter worth $19,960,000. Howard Capital Management boosted 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 worth $15,529,000 after buying an additional 2,365 shares during the period. Bank of Montreal Can boosted its position in Check Point Software Technologies by 3.5% in the first quarter. Bank of Montreal Can now owns 81,316 shares of the technology company’s stock worth $8,348,000 after buying an additional 2,767 shares during the period. Azimuth Capital Management LLC boosted its position in Check Point Software Technologies by 28.1% in the first quarter. Azimuth Capital Management LLC now owns 56,956 shares of the technology company’s stock worth $5,847,000 after buying an additional 12,495 shares during the period. Finally, Private Trust Co. NA bought a new position in Check Point Software Technologies during the second quarter worth $209,000. 72.46% of the stock is owned by institutional investors.

Check Point Software Technologies Ltd. (CHKP) opened at 106.46 on Wednesday. The company has a 50-day moving average price of $110.21 and a 200-day moving average price of $105.18. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $116.63. The stock has a market cap of $17.39 billion, a P/E ratio of 23.62 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. On average, analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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A number of equities analysts have recently weighed in on CHKP shares. Argus reissued a “buy” rating and issued a $124.00 price target (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price target (down from $117.00) on shares of Check Point Software Technologies in a report on Friday, July 21st. Morgan Stanley raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $87.00 to $107.00 in a report on Tuesday, April 18th. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, BTIG Research reissued a “buy” rating and issued a $118.00 price target on shares of Check Point Software Technologies in a report on Monday, April 24th. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Check Point Software Technologies has a consensus rating of “Hold” and an average 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.

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

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