First Manhattan Co. held its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, Holdings Channel reports. The fund owned 3,480 shares of the technology company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Check Point Software Technologies were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CHKP. Quadrant Capital Group LLC increased its position in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock worth $153,000 after buying an additional 371 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in Check Point Software Technologies during the first quarter worth approximately $154,000. 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 last quarter. Bronfman E.L. Rothschild L.P. increased its position in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after buying an additional 146 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock worth $173,000 after buying an additional 202 shares during the last quarter. 72.46% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (CHKP) opened at 107.42 on Thursday. The firm has a market capitalization of $17.54 billion, a P/E ratio of 23.83 and a beta of 0.72. The firm has a 50 day moving average of $109.86 and a 200 day moving average of $105.56. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. On average, analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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A number of equities analysts have recently commented on CHKP shares. Cleveland Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a report on Monday, April 24th. Evercore ISI cut their price target on shares of Check Point Software Technologies from $100.00 to $95.00 and set an “in-line” rating for the company in a report on Friday, April 28th. Barclays PLC reissued a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a report on Sunday, July 23rd. Northland Securities reissued a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a report on Friday, June 30th. Finally, BMO Capital Markets reissued a “hold” rating and set a $117.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 27th. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $109.25.

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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