Neuburgh Advisers LLC grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,136 shares of the technology company’s stock after acquiring an additional 128 shares during the quarter. Neuburgh Advisers LLC’s holdings in Check Point Software Technologies were worth $131,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Motco purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at $26,000. Pinnacle Bank increased its holdings in shares of Check Point Software Technologies by 69.7% in the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. NuWave Investment Management LLC increased its holdings in shares of Check Point Software Technologies by 64.5% in the 2nd quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock valued at $36,000 after acquiring an additional 120 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at $38,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 70.84% of the company’s stock.

Check Point Software Technologies stock traded up $0.32 during trading hours on Friday, hitting $111.64. 105,635 shares of the stock traded hands, compared to its average volume of 821,336. The firm’s 50 day moving average price is $109.40 and its 200-day moving average price is $116.81. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.30 and a beta of 0.79. Check Point Software Technologies Ltd. has a 1 year low of $98.57 and a 1 year high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The business had revenue of $488.10 million for the quarter, compared to the consensus estimate of $487.53 million. Check Point Software Technologies had a return on equity of 22.05% and a net margin of 40.99%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 EPS. Sell-side analysts expect that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current year.

A number of brokerages have recently issued reports on CHKP. Robert W. Baird restated a “hold” rating and set a $120.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, July 24th. Northland Securities restated a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, July 25th. OTR Global downgraded Check Point Software Technologies to a “positive” rating in a research note on Tuesday, July 16th. Evercore ISI set a $105.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, ValuEngine downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $124.47.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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