Evercore Wealth Management LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 54,181 shares of the technology company’s stock after purchasing an additional 160 shares during the quarter. Evercore Wealth Management LLC’s holdings in Check Point Software Technologies were worth $5,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHKP. BlackRock Inc. grew its position in shares of Check Point Software Technologies by 1,778.0% in the 1st quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after purchasing an additional 4,885,975 shares during the period. Veritas Asset Management LLP acquired a new position in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $482,664,000. BT Investment Management Ltd acquired a new position in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $165,866,000. FMR LLC grew its position in shares of Check Point Software Technologies by 35.3% in the 1st quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after purchasing an additional 810,843 shares during the period. Finally, Congress Asset Management Co. MA acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at approximately $45,778,000. Institutional investors and hedge funds own 67.82% of the company’s stock.

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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. 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 return on equity of 22.02% and a net margin of 42.17%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share.

Several brokerages recently issued reports on CHKP. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Susquehanna Bancshares Inc began coverage on Check Point Software Technologies in a research report on Wednesday, June 7th. They issued a “positive” rating and a $132.00 price objective for the company. BMO Capital Markets reiterated a “hold” rating and issued a $117.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Cowen and Company reiterated a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research report on Friday, September 8th. Finally, Credit Suisse Group began coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price objective for the company. Seventeen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.64.

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.

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

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