Edmond DE Rothschild Holding S.A. decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,367 shares of the technology company’s stock after selling 2,756 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Check Point Software Technologies were worth $5,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in shares of Check Point Software Technologies in the second quarter valued at about $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after purchasing an additional 20 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after purchasing an additional 146 shares during the period. Parallel Advisors LLC grew its position in shares of Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after purchasing an additional 202 shares during the period. Finally, Trust Co. of Vermont grew its position 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 purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 67.82% of the company’s stock.

CHKP has been the topic of several research analyst reports. BidaskClub lowered shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Cowen and Company reiterated a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, July 21st. Argus reiterated a “buy” rating and issued a $124.00 target price (up previously from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Northland Securities reiterated a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research report on Friday, June 30th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $110.64.

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Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 0.21% during trading on Friday, reaching $113.00. 986,931 shares of the company’s stock were exchanged. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 25.07 and a beta of 0.73. The stock has a 50 day moving average price of $108.86 and a 200-day moving average price of $107.39.

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

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.

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

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