Sei Investments Co. lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 106,929 shares of the technology company’s stock after selling 1,086 shares during the period. Sei Investments Co.’s holdings in Check Point Software Technologies were worth $11,664,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. bought a new position in Check Point Software Technologies during the first quarter valued at $19,960,000. Howard Capital Management increased its position in Check Point Software Technologies by 1.6% in the first quarter. Howard Capital Management now owns 151,265 shares of the technology company’s stock valued at $15,529,000 after buying an additional 2,365 shares in the last quarter. Bank of Montreal Can increased its position in Check Point Software Technologies by 3.5% in the first quarter. Bank of Montreal Can now owns 81,316 shares of the technology company’s stock valued at $8,348,000 after buying an additional 2,767 shares in the last quarter. Azimuth Capital Management LLC increased its position in Check Point Software Technologies by 28.1% in the first quarter. Azimuth Capital Management LLC now owns 56,956 shares of the technology company’s stock valued at $5,847,000 after buying an additional 12,495 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in Check Point Software Technologies during the second quarter valued at $209,000. 72.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 107.42 on Thursday. The company’s 50 day moving average price is $109.86 and its 200-day moving average price is $105.56. The stock has a market capitalization of $17.54 billion, a PE ratio of 23.83 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 announced its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million during 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%. Check Point Software Technologies’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. Equities research analysts predict that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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Several equities analysts have recently weighed in on CHKP shares. Argus reissued a “buy” rating and set 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. BMO Capital Markets reissued a “market perform” rating and set a $115.00 target price (down previously from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. Morgan Stanley raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $87.00 to $107.00 in a research report on Tuesday, April 18th. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, BTIG Research reissued a “buy” rating and set a $118.00 target price on shares of Check Point Software Technologies in a research report on Monday, April 24th. Eighteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently 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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