BT Investment Management Ltd bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,520,594 shares of the technology company’s stock, valued at approximately $165,866,000. Check Point Software Technologies accounts for 2.4% of BT Investment Management Ltd’s investment portfolio, making the stock its 5th biggest position. BT Investment Management Ltd owned about 0.93% of Check Point Software Technologies at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in Check Point Software Technologies by 7.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock worth $9,725,000 after purchasing an additional 5,914 shares during the period. OppenheimerFunds Inc. bought a new stake in Check Point Software Technologies during the first quarter worth approximately $19,960,000. NN Investment Partners Holdings N.V. bought a new stake in Check Point Software Technologies during the second quarter worth approximately $2,065,000. Baldwin Investment Management LLC boosted its position in Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after purchasing an additional 34 shares during the period. Finally, Azimuth Capital Management LLC boosted its position in Check Point Software Technologies by 28.1% during the first quarter. Azimuth Capital Management LLC now owns 56,956 shares of the technology company’s stock worth $5,847,000 after purchasing an additional 12,495 shares during the period. 67.82% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.2762% on Friday, reaching $113.0714. The company’s stock had a trading volume of 297,998 shares. The company has a 50-day moving average price of $108.67 and a 200 day moving average price of $107.30. The company has a market cap of $18.47 billion, a P/E ratio of 25.0880 and a beta of 0.73. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results 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. The firm 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%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the company. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Susquehanna Bancshares Inc initiated coverage on Check Point Software Technologies in a research report on Wednesday, June 7th. They issued a “positive” rating and a $132.00 price objective for the company. BMO Capital Markets reissued a “hold” rating and issued a $117.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Cowen and Company reissued a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research report on Friday, September 8th. Finally, Vetr cut Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price objective for the company. in a research report on Thursday, May 25th. Seventeen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $110.64.

Check Point Software Technologies 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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