Canada Pension Plan Investment Board decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,010 shares of the technology company’s stock after selling 43,595 shares during the period. Canada Pension Plan Investment Board’s holdings in Check Point Software Technologies were worth $27,053,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Check Point Software Technologies during the first quarter valued at approximately $580,000. Rothschild Investment Corp IL purchased a new position in Check Point Software Technologies during the first quarter valued at approximately $294,000. Harvey Capital Management Inc. purchased a new position in Check Point Software Technologies during the first quarter valued at approximately $205,000. Reilly Financial Advisors LLC raised its position in Check Point Software Technologies by 0.6% in the first quarter. Reilly Financial Advisors LLC now owns 95,641 shares of the technology company’s stock valued at $9,819,000 after buying an additional 613 shares during the period. Finally, First United Bank Trust raised its position in Check Point Software Technologies by 4.8% in the first quarter. First United Bank Trust now owns 4,704 shares of the technology company’s stock valued at $483,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 72.46% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 105.94 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The company has a 50 day moving average of $109.43 and a 200 day moving average of $105.61. The firm has a market capitalization of $17.30 billion, a PE ratio of 23.51 and a beta of 0.72.

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 for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same period last year, the firm posted $1.09 EPS. Check Point Software Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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Several analysts have weighed in on CHKP shares. BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Susquehanna Bancshares Inc started coverage on shares of Check Point Software Technologies in a research report on Wednesday, June 7th. They set a “positive” rating and a $132.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and set a $117.00 target price on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Vetr downgraded shares of Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price on the stock. in a research report on Thursday, May 25th. Finally, Citigroup Inc. boosted their target price on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Eighteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $109.47.

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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