D.A. Davidson & CO. boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,922 shares of the technology company’s stock after buying an additional 1,109 shares during the quarter. D.A. Davidson & CO.’s holdings in Check Point Software Technologies were worth $1,082,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC increased its holdings in Check Point Software Technologies by 150.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after buying an additional 600 shares during the period. Fiduciary Trust Co. purchased a new position in Check Point Software Technologies during the second quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in 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 valued at $151,000 after buying an additional 20 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Check Point Software Technologies by 10.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Check Point Software Technologies by 13.9% during the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares during the period. 67.82% of the stock is currently owned by institutional investors.

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

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Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 111.99 on Monday. The firm has a 50 day moving average of $109.25 and a 200-day moving average of $107.71. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63. The firm has a market cap of $18.29 billion, a P/E ratio of 24.85 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping 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 company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. During the same quarter last year, the business earned $1.09 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current 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.

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

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