Lumbard & Kellner LLC maintained its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,020 shares of the technology company’s stock at the close of the 2nd quarter. Lumbard & Kellner LLC’s holdings in Check Point Software Technologies were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Trust Co. bought a new stake in Check Point Software Technologies during the 2nd quarter worth approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Check Point Software Technologies by 1.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after purchasing an additional 20 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Check Point Software Technologies by 10.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after purchasing an additional 146 shares in the last quarter. Parallel Advisors LLC increased its holdings in Check Point Software Technologies by 13.9% during the 1st quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock worth $173,000 after purchasing an additional 202 shares in the last quarter. Finally, Trust Co. of Vermont grew its holdings in shares of 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 valued at $198,000 after acquiring an additional 39 shares in the last quarter. 67.82% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Vetr lowered Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price for the company. in a report on Thursday, May 25th. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Argus reaffirmed a “buy” rating and issued a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Check Point Software Technologies in a report on Tuesday, July 4th. Eighteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.64.

Check Point Software Technologies Ltd. (CHKP) traded down 0.20% during midday trading on Monday, hitting $112.41. The company’s stock had a trading volume of 267,064 shares. The company’s 50 day moving average price is $108.03 and its 200 day moving average price is $107.03. 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 cap of $18.36 billion, a P/E ratio of 24.94 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. During the same quarter last year, the company posted $1.09 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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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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