Migdal Insurance & Financial Holdings Ltd. trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 401,961 shares of the technology company’s stock after selling 10,003 shares during the period. Check Point Software Technologies accounts for 1.0% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 25th biggest position. Migdal Insurance & Financial Holdings Ltd. owned about 0.25% of Check Point Software Technologies worth $43,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after purchasing an additional 20 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in Check Point Software Technologies by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock valued at $263,000 after purchasing an additional 31 shares in the last quarter. Baldwin Investment Management LLC lifted its holdings in Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock valued at $509,000 after purchasing an additional 34 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after purchasing an additional 39 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in Check Point Software Technologies by 0.8% during the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock valued at $580,000 after purchasing an additional 41 shares in the last quarter. 67.82% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently weighed in on the stock. Vetr raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price target on the stock in a research note on Monday, June 12th. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies set a $108.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Argus reissued a “buy” rating and issued a $124.00 price target (up from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $111.08.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.65% during midday trading on Friday, hitting $116.75. 719,278 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $111.75 and its 200 day moving average price is $108.84. The firm has a market cap of $19.07 billion, a PE ratio of 25.90 and a beta of 0.72. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $117.11.

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

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

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