Cadinha & Co. LLC continued to hold its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, Holdings Channel reports. The institutional investor owned 3,750 shares of the technology company’s stock at the end of the second quarter. Cadinha & Co. LLC’s holdings in Check Point Software Technologies were worth $409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. OppenheimerFunds Inc. purchased a new stake in Check Point Software Technologies during the first quarter worth approximately $19,960,000. Howard Capital Management increased its stake 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 in the last quarter. Bank of Montreal Can increased its stake 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 in the last quarter. Azimuth Capital Management LLC increased its stake 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 in the last quarter. Finally, Private Trust Co. NA purchased a new stake in Check Point Software Technologies during the second quarter worth approximately $209,000. Institutional investors own 72.46% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at 107.42 on Thursday. The company has a market cap of $17.54 billion, a P/E ratio of 23.83 and a beta of 0.72. The stock’s 50 day moving average price is $109.86 and its 200 day moving average price is $105.56. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The business 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%. Check Point Software Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Equities research analysts forecast that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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CHKP has been the topic of a number of research reports. Argus reissued a “buy” rating and issued a $124.00 price objective (up previously from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. BMO Capital Markets reaffirmed a “market perform” rating and set a $115.00 target price (down from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Morgan Stanley raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $87.00 to $107.00 in a research report on Tuesday, April 18th. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, BTIG Research reaffirmed a “buy” rating and set a $118.00 target price on shares of Check Point Software Technologies in a research report on Monday, April 24th. Eighteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $109.25.

Check Point Software Technologies Company 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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