S&T Bank PA trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 98,601 shares of the technology company’s stock after selling 1,761 shares during the period. Check Point Software Technologies comprises 2.0% of S&T Bank PA’s investment portfolio, making the stock its 17th biggest holding. S&T Bank PA owned approximately 0.06% of Check Point Software Technologies worth $10,755,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in CHKP. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Check Point Software Technologies by 1.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after acquiring an additional 20 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in Check Point Software Technologies by 1.3% in the 2nd 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 during the last quarter. Baldwin Investment Management LLC increased its holdings in Check Point Software Technologies by 0.7% in the 2nd 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 during the last quarter. Trust Co. of Vermont increased its holdings in Check Point Software Technologies by 2.2% in the 2nd 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 during the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in Check Point Software Technologies by 0.8% in the 2nd 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 during the last quarter. 67.82% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on CHKP. Northland Securities reissued a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research report on Thursday, September 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Monday. Evercore ISI set a $100.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, August 11th. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Finally, Vetr upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 target price for the company in a report on Monday, June 12th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and an average target price of $110.64.

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.09% on Wednesday, reaching $115.73. The company had a trading volume of 157,587 shares. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.68. The stock has a 50 day moving average of $111.03 and a 200 day moving average of $108.63. The firm has a market capitalization of $18.90 billion, a PE ratio of 25.68 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $454.62 million. During the same quarter last year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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.

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

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