ETF Managers Group LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 381,471 shares of the technology company’s stock, valued at approximately $43,864,000. Check Point Software Technologies makes up 3.7% of ETF Managers Group LLC’s investment portfolio, making the stock its 6th biggest holding. ETF Managers Group LLC owned approximately 0.23% of Check Point Software Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHKP. BlackRock Inc. raised its holdings in shares of Check Point Software Technologies by 1,778.0% in the first 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 during the last quarter. Veritas Asset Management LLP acquired a new position in shares of Check Point Software Technologies in the second quarter worth $482,664,000. BT Investment Management Ltd acquired a new position in shares of Check Point Software Technologies in the second quarter worth $165,866,000. Janus Henderson Group PLC raised its holdings in shares of Check Point Software Technologies by 336.7% in the second quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock worth $125,709,000 after acquiring an additional 888,530 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Check Point Software Technologies by 35.3% in the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock worth $319,056,000 after acquiring an additional 810,843 shares during the last quarter. Institutional investors own 67.82% of the company’s stock.

A number of equities analysts have recently weighed in on CHKP shares. BidaskClub cut Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Cowen and Company reiterated a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research note on Friday, July 21st. Argus reiterated a “buy” rating and issued a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research note on Monday. Finally, Barclays PLC reiterated a “hold” rating and issued a $110.00 target price on shares of Check Point Software Technologies in a research note on Sunday, July 23rd. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $111.08.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.070% during mid-day trading on Thursday, hitting $115.841. The stock had a trading volume of 204,392 shares. The stock has a market cap of $18.92 billion, a price-to-earnings ratio of 25.702 and a beta of 0.72. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $116.68. The firm has a 50 day moving average of $111.26 and a 200 day moving average of $108.68.

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, beating analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. On average, analysts forecast that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “ETF Managers Group LLC Buys New Stake in Check Point Software Technologies Ltd. (CHKP)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/etf-managers-group-llc-buys-new-stake-in-check-point-software-technologies-ltd-chkp/1610710.html.

Check Point Software Technologies 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)

Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.