Russell Investments Group Ltd. reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 39.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 103,648 shares of the technology company’s stock after selling 67,646 shares during the period. Russell Investments Group Ltd.’s holdings in Check Point Software Technologies were worth $10,136,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Flossbach Von Storch AG boosted its holdings in shares of Check Point Software Technologies by 1,455.9% in the second quarter. Flossbach Von Storch AG now owns 2,486,903 shares of the technology company’s stock valued at $242,921,000 after acquiring an additional 2,327,068 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Check Point Software Technologies by 90,969.2% in the second quarter. Canada Pension Plan Investment Board now owns 153,907 shares of the technology company’s stock valued at $15,034,000 after purchasing an additional 153,738 shares during the period. Arizona State Retirement System lifted its stake in shares of Check Point Software Technologies by 16.8% in the second quarter. Arizona State Retirement System now owns 80,320 shares of the technology company’s stock valued at $7,846,000 after purchasing an additional 11,569 shares during the period. SG Americas Securities LLC lifted its stake in shares of Check Point Software Technologies by 395.0% in the second quarter. SG Americas Securities LLC now owns 43,402 shares of the technology company’s stock valued at $4,240,000 after purchasing an additional 34,634 shares during the period. Finally, Cedar Capital LLC lifted its stake in shares of Check Point Software Technologies by 82.9% in the second quarter. Cedar Capital LLC now owns 5,735 shares of the technology company’s stock valued at $560,000 after purchasing an additional 2,599 shares during the period. 66.73% of the stock is currently owned by institutional investors.

Shares of CHKP opened at $115.54 on Friday. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.30 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12-month low of $93.76 and a 12-month high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 25th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.18. The company had revenue of $467.80 million during the quarter, compared to analysts’ expectations of $461.32 million. Check Point Software Technologies had a net margin of 43.43% and a return on equity of 22.98%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 earnings per share. equities analysts expect that Check Point Software Technologies Ltd. will post 5.19 EPS for the current year.

Several brokerages recently commented on CHKP. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Monday, August 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, July 26th. Credit Suisse Group raised their price objective on shares of Check Point Software Technologies from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. UBS Group raised their price objective on shares of Check Point Software Technologies from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. Finally, Morgan Stanley raised their price objective on shares of Check Point Software Technologies from $102.00 to $116.00 and gave the company an “equal weight” rating in a research note on Thursday, July 26th. Twenty-one analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $114.19.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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