Private Trust Co. NA purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 3rd quarter, Holdings Channel reports. The fund purchased 1,900 shares of the technology company’s stock, valued at approximately $223,000.

Several other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in shares of Check Point Software Technologies by 11.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,816,985 shares of the technology company’s stock worth $1,349,645,000 after acquiring an additional 1,405,305 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Check Point Software Technologies by 1.0% during the 2nd quarter. BlackRock Inc. now owns 5,227,074 shares of the technology company’s stock worth $510,581,000 after acquiring an additional 53,263 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its holdings in shares of Check Point Software Technologies by 2.9% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 5,045,000 shares of the technology company’s stock worth $492,644,000 after acquiring an additional 140,000 shares during the last quarter. Flossbach Von Storch AG increased its holdings in shares of Check Point Software Technologies by 1,455.9% during the 2nd quarter. Flossbach Von Storch AG now owns 2,486,903 shares of the technology company’s stock worth $242,921,000 after acquiring an additional 2,327,068 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Check Point Software Technologies by 3.4% during the 2nd quarter. FMR LLC now owns 2,299,435 shares of the technology company’s stock worth $224,609,000 after acquiring an additional 76,339 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on CHKP. Barclays reissued a “hold” rating and set a $120.00 target price on shares of Check Point Software Technologies in a report on Thursday, July 26th. Morgan Stanley boosted their target price on Check Point Software Technologies from $102.00 to $116.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. Stifel Nicolaus reissued a “hold” rating and set a $112.00 target price (up from $95.00) on shares of Check Point Software Technologies in a report on Thursday, July 26th. BMO Capital Markets boosted their target price on Check Point Software Technologies from $108.00 to $130.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research raised Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Monday, August 6th. Twenty-three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Check Point Software Technologies has an average rating of “Hold” and an average target price of $114.48.

CHKP opened at $110.18 on Thursday. The firm has a market capitalization of $19.23 billion, a P/E ratio of 22.53, a PEG ratio of 2.34 and a beta of 0.64. Check Point Software Technologies Ltd. has a 1 year low of $93.76 and a 1 year high of $120.81.

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

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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