Pointe Capital Management LLC cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,197 shares of the technology company’s stock after selling 555 shares during the period. Pointe Capital Management LLC’s holdings in Check Point Software Technologies were worth $567,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake 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 valued at $529,804,000 after buying an additional 4,885,975 shares during the last quarter. FMR LLC increased its stake 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 valued at $319,056,000 after buying an additional 810,843 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Check Point Software Technologies by 952.3% in the first quarter. Acadian Asset Management LLC now owns 706,402 shares of the technology company’s stock valued at $72,523,000 after buying an additional 639,271 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in shares of Check Point Software Technologies during the first quarter valued at $48,250,000. Finally, Congress Asset Management Co. MA bought a new stake in shares of Check Point Software Technologies during the first quarter valued at $45,778,000. 72.46% of the stock is owned by institutional investors.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 104.99 on Friday. The firm’s 50-day moving average price is $109.65 and its 200 day moving average price is $105.55. The firm has a market cap of $17.15 billion, a PE ratio of 23.29 and a beta of 0.72. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. During the same period last year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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CHKP has been the subject of several analyst reports. Cleveland Research raised Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. Barclays PLC reaffirmed a “hold” rating and issued a $110.00 target price on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Evercore ISI decreased their target price on Check Point Software Technologies from $100.00 to $95.00 and set an “in-line” rating for the company in a research report on Friday, April 28th. Citigroup Inc. upped their target price on Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Finally, Northland Securities reaffirmed a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research report on Friday, June 30th. Eighteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $109.25.

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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