State Board of Administration of Florida Retirement System raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 395.9% during the second quarter, Holdings Channel reports. The institutional investor owned 14,878 shares of the company’s stock after buying an additional 11,878 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Check Point Software Technologies were worth $1,185,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CHKP. Prudential Financial Inc. boosted its position in shares of Check Point Software Technologies by 45.3% in the first quarter. Prudential Financial Inc. now owns 236,620 shares of the company’s stock worth $20,697,000 after buying an additional 73,743 shares during the last quarter. Ngam Advisors L.P. boosted its position in shares of Check Point Software Technologies by 86.4% in the first quarter. Ngam Advisors L.P. now owns 151,984 shares of the company’s stock worth $13,294,000 after buying an additional 70,458 shares during the last quarter. Carderock Capital Management Inc. boosted its position in shares of Check Point Software Technologies by 28.8% in the first quarter. Carderock Capital Management Inc. now owns 39,767 shares of the company’s stock worth $3,478,000 after buying an additional 8,884 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Check Point Software Technologies by 23.7% in the first quarter. IFP Advisors Inc now owns 1,272 shares of the company’s stock worth $111,000 after buying an additional 244 shares during the last quarter. Finally, Virginia Retirement System purchased a new position in shares of Check Point Software Technologies during the first quarter worth approximately $17,634,000. 73.77% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 1.44% during trading on Wednesday, hitting $75.89. 1,024,426 shares of the company’s stock traded hands. Check Point Software Technologies Ltd. has a 12 month low of $71.64 and a 12 month high of $89.98. The stock has a market cap of $12.97 billion, a P/E ratio of 19.48 and a beta of 0.91. The company’s 50 day moving average is $75.93 and its 200-day moving average is $81.25.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm earned $423 million during the quarter, compared to the consensus estimate of $422.19 million. Check Point Software Technologies had a net margin of 41.19% and a return on equity of 20.18%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. On average, analysts predict that Check Point Software Technologies Ltd. will post $4.47 earnings per share for the current year.

A number of research analysts have recently commented on the company. Wunderlich increased their price target on Check Point Software Technologies from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Citigroup Inc. raised their target price on Check Point Software Technologies from $88.00 to $89.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Zacks Investment Research lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Macquarie initiated coverage on Check Point Software Technologies in a research report on Friday, July 8th. They set a “neutral” rating and a $91.00 target price for the company. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $89.19.

About Check Point Software Technologies

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.

5 Day Chart for NASDAQ:CHKP

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