ProShare Advisors LLC raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,474 shares of the technology company’s stock after acquiring an additional 7,927 shares during the quarter. ProShare Advisors LLC’s holdings in Check Point Software Technologies were worth $5,178,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its holdings in Check Point Software Technologies by 1.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 12,349,727 shares of the technology company’s stock valued at $1,267,823,000 after acquiring an additional 229,321 shares during the period. BlackRock Inc. raised its holdings in Check Point Software Technologies by 1,778.0% during the first quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after acquiring an additional 4,885,975 shares during the period. Veritas Asset Management LLP bought a new stake in Check Point Software Technologies during the second quarter valued at about $482,664,000. FMR LLC raised its holdings in Check Point Software Technologies by 35.3% during the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after acquiring an additional 810,843 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in Check Point Software Technologies by 3.8% during the second quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock valued at $289,870,000 after acquiring an additional 96,571 shares during the period. 67.82% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 111.27 on Thursday. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 24.69 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. The firm’s 50 day moving average price is $109.25 and its 200 day moving average price is $107.71.

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, topping 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 business had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same period last year, the company posted $1.09 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

A number of equities research analysts have commented on CHKP shares. Citigroup Inc. raised their price target on Check Point Software Technologies from $109.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, May 25th. Vetr cut Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price target on the stock. in a report on Thursday, May 25th. BMO Capital Markets reissued a “hold” rating and set a $117.00 price target on shares of Check Point Software Technologies in a report on Thursday, June 1st. Susquehanna Bancshares Inc started coverage on Check Point Software Technologies in a report on Wednesday, June 7th. They set a “positive” rating and a $132.00 price target on the stock. Finally, BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $110.64.

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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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