Jaffetilchin Investment Partners LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,356 shares of the technology company’s stock after selling 1,043 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Check Point Software Technologies were worth $911,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gateway Investment Advisers LLC boosted its stake in shares of Check Point Software Technologies by 1.3% in the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after buying an additional 31 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Check Point Software Technologies by 2.2% in the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after buying an additional 39 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Check Point Software Technologies by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock worth $580,000 after buying an additional 41 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Check Point Software Technologies by 1.9% in the first quarter. Ameritas Investment Partners Inc. now owns 3,084 shares of the technology company’s stock worth $317,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 107.85 on Tuesday. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The company has a 50-day moving average price of $109.27 and a 200-day moving average price of $105.80. The stock has a market cap of $17.61 billion, a PE ratio of 23.93 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. During the same period in the prior year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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A number of equities research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $128.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday. Citigroup Inc. lifted their price objective on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Cowen and Company restated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, July 21st. Evercore ISI set a $100.00 price objective on shares of Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday. Finally, BMO Capital Markets restated a “market perform” rating and set a $116.00 price objective (up from $110.00) on shares of Check Point Software Technologies in a research note on Friday, April 21st. Eighteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $109.47.

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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