K2 Principal Fund L.P. cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 27.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,857 shares of the technology company’s stock after selling 1,850 shares during the period. K2 Principal Fund L.P.’s holdings in Check Point Software Technologies were worth $530,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. ETRADE Capital Management LLC acquired a new stake in Check Point Software Technologies in the second quarter valued at $287,000. FMR LLC raised its stake in Check Point Software Technologies by 13.5% in the second quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock valued at $384,916,000 after buying an additional 420,853 shares in the last quarter. Vanguard Group Inc. raised its stake in Check Point Software Technologies by 6.4% in the second quarter. Vanguard Group Inc. now owns 326,478 shares of the technology company’s stock valued at $35,612,000 after buying an additional 19,621 shares in the last quarter. Northern Trust Corp raised its stake in Check Point Software Technologies by 3.6% in the second quarter. Northern Trust Corp now owns 1,363,413 shares of the technology company’s stock valued at $148,721,000 after buying an additional 46,957 shares in the last quarter. Finally, Public Sector Pension investment Board raised its stake in Check Point Software Technologies by 1.1% in the second quarter. Public Sector Pension investment Board now owns 54,910 shares of the technology company’s stock valued at $5,990,000 after buying an additional 606 shares in the last quarter. Institutional investors own 67.82% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 0.73% during midday trading on Friday, reaching $111.63. The company’s stock had a trading volume of 99,129 shares. The stock has a 50 day moving average of $109.25 and a 200-day moving average of $107.71. The company has a market capitalization of $18.23 billion, a P/E ratio of 24.77 and a beta of 0.73. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the 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 analyst estimates of $454.62 million. During the same quarter last year, the business earned $1.09 earnings per share. Check Point Software Technologies’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

A number of analysts have recently commented on the company. Argus reiterated a “buy” rating and set 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. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research report on Tuesday, August 15th. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 target price (down previously from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Credit Suisse Group assumed coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 target price on the stock. Finally, BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $110.64.

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Check Point Software Technologies 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.

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

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