KCM Investment Advisors LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,621 shares of the technology company’s stock after buying an additional 320 shares during the period. KCM Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $1,377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Check Point Software Technologies in the 2nd quarter worth approximately $236,000. Captrust Financial Advisors purchased a new position in shares of Check Point Software Technologies in the 2nd quarter worth approximately $271,000. Ameriprise Financial Inc. boosted its stake in shares of Check Point Software Technologies by 4.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,270,305 shares of the technology company’s stock worth $138,887,000 after buying an additional 51,645 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Check Point Software Technologies by 4.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 515,291 shares of the technology company’s stock worth $56,208,000 after buying an additional 24,087 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Check Point Software Technologies by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 5,023 shares of the technology company’s stock worth $548,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

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A number of equities analysts have recently weighed in on CHKP shares. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 25th. Cowen and Company reiterated a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, September 8th. Citigroup Inc. upped their price objective on Check Point Software Technologies from $109.00 to $111.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th. Finally, Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 11th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $110.64.

Shares of Check Point Software Technologies Ltd. (CHKP) traded down 0.53% during mid-day trading on Friday, reaching $112.16. 229,896 shares of the company’s stock traded hands. 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 $18.32 billion, a price-to-earnings ratio of 24.89 and a beta of 0.73. The stock has a 50-day moving average price of $108.67 and a 200 day moving average price of $107.30.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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