Forbes J M & Co. LLP decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,333 shares of the technology company’s stock after selling 760 shares during the period. Check Point Software Technologies accounts for approximately 1.9% of Forbes J M & Co. LLP’s holdings, making the stock its 23rd biggest holding. Forbes J M & Co. LLP’s holdings in Check Point Software Technologies were worth $7,562,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Check Point Software Technologies by 7.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock valued at $9,725,000 after acquiring an additional 5,914 shares during the last quarter. OppenheimerFunds Inc. bought a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $19,960,000. NN Investment Partners Holdings N.V. bought a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $2,065,000. Baldwin Investment Management LLC lifted its holdings in shares of Check Point Software Technologies by 0.7% in the 2nd quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock valued at $509,000 after acquiring an additional 34 shares during the last quarter. Finally, Azimuth Capital Management LLC lifted its holdings in shares of Check Point Software Technologies by 28.1% in the 1st quarter. Azimuth Capital Management LLC now owns 56,956 shares of the technology company’s stock valued at $5,847,000 after acquiring an additional 12,495 shares during the last quarter. 67.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies Ltd. (CHKP) traded up 0.19% during trading on Friday, reaching $112.97. 249,953 shares of the company traded hands. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 25.07 and a beta of 0.73. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The firm’s 50 day moving average price is $108.67 and its 200-day moving average price is $107.30.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the Zacks’ 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 company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. During the same period in the prior year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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CHKP has been the subject of a number of analyst reports. Barclays PLC reaffirmed a “hold” rating and issued a $110.00 price target on shares of Check Point Software Technologies in a report on Sunday, July 23rd. Citigroup Inc. raised their price objective 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. Northland Securities reissued a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a research note on Friday, June 30th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price objective (down previously from $117.00) on shares of Check Point Software Technologies in a research note on Friday, July 21st. Finally, Piper Jaffray Companies downgraded shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $116.00 to $108.00 in a research note on Friday, July 21st. Seventeen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $110.64.

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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