Janney Montgomery Scott LLC decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 29.1% during the second quarter, Holdings Channel reports. The institutional investor owned 9,378 shares of the technology company’s stock after selling 3,851 shares during the period. Janney Montgomery Scott LLC’s holdings in Check Point Software Technologies were worth $1,023,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CHKP. Gateway Investment Advisers LLC increased its position in Check Point Software Technologies by 1.3% in the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after buying an additional 31 shares in the last quarter. IFP Advisors Inc increased its position in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares in the last quarter. Trust Co. of Vermont increased its position in Check Point Software Technologies by 2.2% in the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after buying an additional 39 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Check Point Software Technologies by 1.9% in the first quarter. Ameritas Investment Partners Inc. now owns 3,084 shares of the technology company’s stock worth $317,000 after buying an additional 57 shares in the last quarter. Finally, First Personal Financial Services increased its position in Check Point Software Technologies by 0.5% in the first quarter. First Personal Financial Services now owns 26,139 shares of the technology company’s stock worth $2,684,000 after buying an additional 135 shares in the last quarter. 72.46% of the stock is currently owned by institutional investors.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 105.94 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $116.63. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 23.51 and a beta of 0.72. The company’s 50-day moving average is $109.43 and its 200-day moving average is $105.61.

Check Point Software Technologies (NASDAQ:CHKP) last announced 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 firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on the stock. Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday. Citigroup Inc. increased their price target on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Cowen and Company reaffirmed a “buy” rating and set a $113.00 price target on shares of Check Point Software Technologies in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $128.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, July 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $116.00 price target (up previously from $110.00) on shares of Check Point Software Technologies in a research note on Friday, April 21st. Eighteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Check Point Software Technologies has a consensus rating of “Hold” and an average target price 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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