BlueMountain Capital Management LLC lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,736 shares of the technology company’s stock after selling 3,798 shares during the period. BlueMountain Capital Management LLC’s holdings in Check Point Software Technologies were worth $844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. KCM Investment Advisors LLC raised its stake in shares of Check Point Software Technologies by 2.6% in the 2nd quarter. KCM Investment Advisors LLC now owns 12,621 shares of the technology company’s stock worth $1,377,000 after buying an additional 320 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $236,000. Captrust Financial Advisors bought a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $271,000. Ameriprise Financial Inc. raised 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 in the last quarter. Finally, TIAA CREF Investment Management LLC raised 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 in the last quarter. 67.82% of the stock is currently owned by institutional investors.

CHKP has been the topic of a number of recent research reports. Vetr cut Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price on the stock. in a report on Thursday, May 25th. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Argus restated a “buy” rating and issued a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $115.00 target price on shares of Check Point Software Technologies in a report on Tuesday, July 4th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $110.64.

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 110.82 on Friday. The company’s 50 day moving average price is $109.25 and its 200 day moving average price is $107.71. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $116.63. The firm has a market cap of $18.10 billion, a PE ratio of 24.59 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating 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 business had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. During the same period last year, the business posted $1.09 EPS. Check Point Software Technologies’s revenue was up 8.5% on a year-over-year basis. Analysts predict that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current fiscal year.

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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