Cibc World Markets Corp bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 12,320 shares of the technology company’s stock, valued at approximately $1,344,000.

A number of other institutional investors have also recently modified their holdings of the stock. AXA raised its stake in Check Point Software Technologies by 20.6% during the 2nd quarter. AXA now owns 187,805 shares of the technology company’s stock worth $20,486,000 after buying an additional 32,118 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Check Point Software Technologies by 7.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock worth $9,725,000 after acquiring an additional 5,914 shares in the last quarter. Martin Investment Management LLC boosted its holdings in Check Point Software Technologies by 17.0% in the second quarter. Martin Investment Management LLC now owns 118,581 shares of the technology company’s stock worth $12,935,000 after acquiring an additional 17,204 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Check Point Software Technologies by 693.4% in the second quarter. JPMorgan Chase & Co. now owns 467,485 shares of the technology company’s stock worth $50,993,000 after acquiring an additional 408,560 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new position in Check Point Software Technologies in the first quarter worth approximately $19,960,000. 67.82% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 114.02 on Monday. The stock has a market capitalization of $18.62 billion, a PE ratio of 25.30 and a beta of 0.72. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The firm has a 50-day moving average of $109.25 and a 200-day moving average of $107.71.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS 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 company 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 company earned $1.09 EPS. Check Point Software Technologies’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities 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 brokerages have commented on CHKP. BidaskClub cut Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, August 25th. Cowen and Company reaffirmed a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, September 8th. Evercore ISI set a $100.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Citigroup Inc. increased their target price on Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $110.64.

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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