State of New Jersey Common Pension Fund D continued to hold its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, Holdings Channel reports. The fund owned 103,600 shares of the technology company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Check Point Software Technologies were worth $11,301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of Check Point Software Technologies by 37.4% in the second quarter. Bessemer Group Inc. now owns 1,110,989 shares of the technology company’s stock worth $121,186,000 after buying an additional 302,125 shares during the period. CIBC Asset Management Inc raised its position in shares of Check Point Software Technologies by 3.2% in the second quarter. CIBC Asset Management Inc now owns 17,664 shares of the technology company’s stock worth $1,927,000 after buying an additional 544 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Check Point Software Technologies by 5.7% in the second quarter. Great West Life Assurance Co. Can now owns 155,618 shares of the technology company’s stock worth $16,947,000 after buying an additional 8,444 shares during the period. Eagle Global Advisors LLC raised its position in shares of Check Point Software Technologies by 2.5% in the second quarter. Eagle Global Advisors LLC now owns 68,981 shares of the technology company’s stock worth $7,524,000 after buying an additional 1,650 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new position in shares of Check Point Software Technologies during the second quarter worth $732,000. Hedge funds and other institutional investors own 72.46% of the company’s stock.

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

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

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A number of brokerages have weighed in on CHKP. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $128.00 price target on shares of Check Point Software Technologies in a report on Wednesday, July 26th. BidaskClub upgraded shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Cowen and Company reiterated a “buy” rating and issued a $113.00 price target on shares of Check Point Software Technologies in a report on Friday, July 21st. Argus reiterated a “buy” rating and issued a $124.00 price target (up previously from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Finally, Vetr upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price target on the stock in a report on Monday, June 12th. Eighteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Check Point Software Technologies 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.

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

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