Sather Financial Group Inc lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,263 shares of the technology company’s stock after selling 150 shares during the period. Check Point Software Technologies accounts for 2.7% of Sather Financial Group Inc’s investment portfolio, making the stock its 15th biggest holding. Sather Financial Group Inc owned approximately 0.05% of Check Point Software Technologies worth $9,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CHKP. Acrospire Investment Management LLC increased its stake in shares of Check Point Software Technologies by 150.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after purchasing an additional 600 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Check Point Software Technologies by 1.4% during 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 purchasing an additional 20 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Check Point Software Technologies by 13.9% during the 1st quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock worth $173,000 after purchasing an additional 202 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Check Point Software Technologies by 2.2% during the 2nd 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. Institutional investors own 67.82% of the company’s stock.

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 0.65% during mid-day trading on Friday, hitting $116.75. 719,278 shares of the stock were exchanged. The stock has a market capitalization of $19.07 billion, a PE ratio of 25.90 and a beta of 0.72. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $117.11. The company has a 50-day moving average of $111.75 and a 200-day moving average of $108.84.

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. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. Check Point Software Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.09 earnings per share. On average, equities analysts predict that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Northland Securities restated a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $128.00 price target on shares of Check Point Software Technologies in a research note on Monday, October 2nd. Piper Jaffray Companies set a $108.00 price objective on shares of Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday. 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, August 11th. Finally, BidaskClub upgraded shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $111.08.

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.

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

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