Caxton Associates LP bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,400 shares of the technology company’s stock, valued at approximately $589,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Check Point Software Technologies by 1.4% in 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 in the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Check Point Software Technologies by 1.3% in 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 in the last quarter. Baldwin Investment Management LLC grew its stake in shares of Check Point Software Technologies by 0.7% in 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 in the last quarter. Trust Co. of Vermont grew its stake in shares of Check Point Software Technologies by 2.2% in 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 in the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Check Point Software Technologies by 0.8% in 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 in the last quarter. 67.83% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This report was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/10/10/caxton-associates-lp-buys-shares-of-5400-check-point-software-technologies-ltd-chkp.html.

Check Point Software Technologies Ltd. (CHKP) traded up 0.857% during midday trading on Tuesday, hitting $117.105. The stock had a trading volume of 122,870 shares. The stock has a 50-day moving average of $112.00 and a 200-day moving average of $109.04. The firm has a market cap of $19.13 billion, a P/E ratio of 25.983 and a beta of 0.72. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $117.38.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. Check Point Software Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

CHKP has been the subject of several recent analyst reports. Vetr raised Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price target for the company in a research note on Monday, June 12th. Northland Securities reissued a “hold” rating and issued a $120.00 price target on shares of Check Point Software Technologies in a research note on Friday, June 30th. Zacks Investment Research cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $115.00 price target on shares of Check Point Software Technologies in a research note on Tuesday, July 4th. Finally, BidaskClub cut Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Seventeen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $111.56.

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.