Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,599 shares of the technology company’s stock after buying an additional 199 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Check Point Software Technologies were worth $2,138,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Sigma Planning Corp acquired a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $305,000. Crestwood Advisors Group LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $154,000. Westwood Management Corp IL acquired a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $293,000. State of Alaska Department of Revenue acquired a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $580,000. Finally, Rothschild Investment Corp IL acquired a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $294,000. Institutional investors and hedge funds own 71.65% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 107.76 on Wednesday. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $116.63. The company has a 50-day moving average of $109.13 and a 200 day moving average of $105.86. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 23.91 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The business had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Equities 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 brokerages recently commented on CHKP. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday. Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, August 11th. Argus reaffirmed a “buy” rating and set a $124.00 price target (up from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a research note on Sunday, July 23rd. Eighteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $109.47.

Check Point Software Technologies Company 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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