Bank Hapoalim BM raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,629 shares of the technology company’s stock after buying an additional 19,777 shares during the period. Check Point Software Technologies makes up about 2.1% of Bank Hapoalim BM’s holdings, making the stock its 12th biggest holding. Bank Hapoalim BM’s holdings in Check Point Software Technologies were worth $8,904,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CHKP. State Board of Administration of Florida Retirement System boosted its position in Check Point Software Technologies by 5.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,678 shares of the technology company’s stock valued at $1,199,000 after buying an additional 600 shares during the last quarter. American Century Companies Inc. purchased a new position in Check Point Software Technologies in the 1st quarter valued at about $267,000. Comerica Bank boosted its position in Check Point Software Technologies by 12.4% in the 1st quarter. Comerica Bank now owns 22,596 shares of the technology company’s stock valued at $2,358,000 after buying an additional 2,494 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Check Point Software Technologies by 12.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 287,270 shares of the technology company’s stock valued at $29,491,000 after buying an additional 32,543 shares during the last quarter. Finally, British Columbia Investment Management Corp boosted its position in Check Point Software Technologies by 8.1% in the 1st quarter. British Columbia Investment Management Corp now owns 16,000 shares of the technology company’s stock valued at $1,643,000 after buying an additional 1,200 shares during the last quarter. 67.82% of the stock is owned by institutional investors.

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A number of equities analysts have weighed in on CHKP shares. Argus reissued a “buy” rating and issued a $124.00 price objective (up from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, August 15th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price objective (down from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Credit Suisse Group started coverage on shares of Check Point Software Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price objective for the company. Finally, BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $110.64.

Check Point Software Technologies Ltd. (CHKP) traded up 0.21% during midday trading on Friday, reaching $113.00. 986,931 shares of the company traded hands. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 25.07 and a beta of 0.73. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63. The firm’s 50 day moving average price is $108.86 and its 200 day moving average price is $107.39.

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

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.

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

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