Profund Advisors LLC lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,704 shares of the technology company’s stock after selling 256 shares during the period. Profund Advisors LLC’s holdings in Check Point Software Technologies were worth $949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of 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 worth $151,000 after purchasing an additional 20 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of 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 worth $263,000 after purchasing an additional 31 shares during the last quarter. Baldwin Investment Management LLC raised its holdings in shares of 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 worth $509,000 after purchasing an additional 34 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of 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 worth $198,000 after purchasing an additional 39 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in shares of 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 worth $580,000 after purchasing an additional 41 shares during the last quarter. 67.82% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (CHKP) opened at 111.99 on Friday. The company’s 50-day moving average is $109.25 and its 200-day moving average is $107.71. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 24.85 and a beta of 0.73. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. During the same period last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts predict that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

Several brokerages recently issued reports on CHKP. Cowen and Company reissued a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a report on Friday, July 21st. Citigroup Inc. raised their target price on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $128.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 26th. Evercore ISI set a $100.00 target price on shares of Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, BMO Capital Markets reissued a “hold” rating and set a $117.00 target price on shares of Check Point Software Technologies in a report on Thursday, June 1st. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $110.64.

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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.

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

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