Royal Bank of Canada increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,667 shares of the technology company’s stock after acquiring an additional 4,796 shares during the quarter. Royal Bank of Canada owned about 0.07% of Check Point Software Technologies worth $11,744,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its stake in Check Point Software Technologies by 1.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,349,727 shares of the technology company’s stock worth $1,267,823,000 after acquiring an additional 229,321 shares in the last quarter. Harding Loevner LP raised its stake in Check Point Software Technologies by 5.2% during the 2nd quarter. Harding Loevner LP now owns 5,856,093 shares of the technology company’s stock worth $638,783,000 after acquiring an additional 290,232 shares in the last quarter. BlackRock Inc. raised its stake in Check Point Software Technologies by 1,778.0% during the 1st quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock worth $529,804,000 after acquiring an additional 4,885,975 shares in the last quarter. Veritas Asset Management LLP acquired a new stake in Check Point Software Technologies during the 2nd quarter worth $482,664,000. Finally, FMR LLC raised its stake in Check Point Software Technologies by 13.5% during the 2nd quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock worth $384,916,000 after acquiring an additional 420,853 shares in the last quarter. Hedge funds and other institutional investors own 67.83% of the company’s stock.

CHKP has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $128.00 price target on shares of Check Point Software Technologies in a research note on Tuesday, August 15th. Argus reiterated 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. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 price target (down from $117.00) on shares of Check Point Software Technologies in a research note on Friday, July 21st. Credit Suisse Group initiated coverage on shares of Check Point Software Technologies in a research note on Tuesday, September 5th. They set a “neutral” rating and a $110.00 price target on the stock. Finally, BidaskClub upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Sixteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $111.56.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 119.13 on Monday. The stock has a 50 day moving average of $113.22 and a 200 day moving average of $109.45. Check Point Software Technologies Ltd. has a one year low of $75.65 and a one year high of $119.20. The stock has a market cap of $19.46 billion, a P/E ratio of 26.43 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $454.62 million. During the same quarter last year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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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.

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

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