Garrison Financial Corp lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 40,602 shares of the technology company’s stock after selling 1,585 shares during the period. Check Point Software Technologies makes up about 2.6% of Garrison Financial Corp’s holdings, making the stock its 5th largest position. Garrison Financial Corp’s holdings in Check Point Software Technologies were worth $4,429,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of 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 worth $529,804,000 after buying an additional 4,885,975 shares during the last quarter. FMR LLC raised its position in shares of 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 worth $319,056,000 after buying an additional 810,843 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Check Point Software Technologies by 952.3% in the first quarter. Acadian Asset Management LLC now owns 706,402 shares of the technology company’s stock worth $72,523,000 after buying an additional 639,271 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in shares of Check Point Software Technologies during the first quarter worth about $48,250,000. Finally, Congress Asset Management Co. MA acquired a new position in shares of Check Point Software Technologies during the first quarter worth about $45,778,000. 72.46% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 105.94 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The company has a market capitalization of $17.30 billion, a P/E ratio of 23.51 and a beta of 0.72. The company’s 50-day moving average price is $109.43 and its 200-day moving average price is $105.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, July 20th. The technology company reported $1.26 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 return on equity of 22.02% and a net margin of 42.17%. Check Point Software Technologies’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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A number of equities analysts have issued reports on CHKP shares. BidaskClub lowered Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $116.00 target price (up from $110.00) on shares of Check Point Software Technologies in a research report on Friday, April 21st. Citigroup Inc. upped their target price on Check Point Software Technologies from $109.00 to $111.00 and gave the company a “neutral” rating in a research report on Thursday, May 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $118.00 target price on shares of Check Point Software Technologies in a research report on Thursday, April 27th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, July 21st. Eighteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $109.47.

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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