Fiera Capital Corp reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 57.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,342 shares of the technology company’s stock after selling 3,115 shares during the period. Fiera Capital Corp’s holdings in Check Point Software Technologies were worth $255,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after purchasing an additional 20 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Check Point Software Technologies by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after purchasing an additional 31 shares during the last quarter. Baldwin Investment Management LLC lifted its position in shares of Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after purchasing an additional 34 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after purchasing an additional 39 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in shares of Check Point Software Technologies by 0.8% during the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock worth $580,000 after purchasing an additional 41 shares during the last quarter. 67.82% of the stock is owned by institutional investors.

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Several equities analysts have recently commented on CHKP shares. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, August 25th. Cowen and Company reaffirmed a “buy” rating and set a $113.00 price target on shares of Check Point Software Technologies in a research report on Friday, September 8th. Citigroup Inc. increased their price target on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Finally, Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, August 11th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $110.64.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 110.82 on Friday. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 24.59 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 has a 50 day moving average of $109.25 and a 200 day moving average of $107.71.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results 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. The firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Equities analysts predict that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current fiscal 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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