Oppenheimer & Co. Inc. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,317 shares of the technology company’s stock after buying an additional 1,086 shares during the period. Oppenheimer & Co. Inc.’s holdings in Check Point Software Technologies were worth $5,161,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after buying an additional 20 shares during the period. Gateway Investment Advisers LLC increased its position in 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 during the period. Baldwin Investment Management LLC increased its position in Check Point Software Technologies by 0.7% in the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after buying an additional 34 shares during the period. IFP Advisors Inc increased its position in 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 during the period. Finally, Trust Co. of Vermont increased its position in 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 during the period. Hedge funds and other institutional investors own 67.82% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 110.89 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The firm’s 50-day moving average price is $108.35 and its 200-day moving average price is $106.64. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 24.60 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share 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 business had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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A number of research firms have recently commented on CHKP. Piper Jaffray Companies set a $108.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, August 15th. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Argus restated a “buy” rating and issued a $124.00 price objective (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $110.67.

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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