GLG Partners LP lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,074 shares of the technology company’s stock after selling 6,641 shares during the period. GLG Partners LP’s holdings in Check Point Software Technologies were worth $3,390,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Acrospire Investment Management LLC raised its position in shares of Check Point Software Technologies by 150.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after buying an additional 600 shares in the last quarter. Fiduciary Trust Co. acquired a new position in Check Point Software Technologies during the second quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Check Point Software Technologies by 1.4% during 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 purchasing an additional 20 shares in the last quarter. Parallel Advisors LLC raised its position in Check Point Software Technologies by 13.9% during the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after purchasing an additional 202 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

A number of brokerages have weighed in on CHKP. Argus restated a “buy” rating and issued a $124.00 target price (up previously from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $128.00 price target on shares of Check Point Software Technologies in a research note on Tuesday, August 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $115.00 target price (down previously from $117.00) on shares of Check Point Software Technologies in a report on Friday, July 21st. Credit Suisse Group started coverage on Check Point Software Technologies in a report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 target price for the company. Finally, BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $110.64.

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Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.80% on Monday, reaching $114.93. The company’s stock had a trading volume of 332,714 shares. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $116.63. The company has a market cap of $18.77 billion, a P/E ratio of 25.50 and a beta of 0.72. The company’s 50 day moving average price is $109.25 and its 200 day moving average price is $107.71.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The business had revenue of $458.60 million during the quarter, compared to analyst estimates of $454.62 million. During the same period in the prior year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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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