Tillar Wenstrup Advisors LLC cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,556 shares of the technology company’s stock after selling 338 shares during the period. Check Point Software Technologies makes up 1.8% of Tillar Wenstrup Advisors LLC’s holdings, making the stock its 24th largest position. Tillar Wenstrup Advisors LLC’s holdings in Check Point Software Technologies were worth $2,351,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Bowen Hanes & Co. Inc. boosted its stake in shares of Check Point Software Technologies by 0.9% in the second quarter. Bowen Hanes & Co. Inc. now owns 215,945 shares of the technology company’s stock worth $23,555,000 after buying an additional 2,000 shares during the period. IFP Advisors Inc boosted its stake in shares of Check Point Software Technologies by 21.6% in the second quarter. IFP Advisors Inc now owns 1,840 shares of the technology company’s stock worth $201,000 after buying an additional 327 shares during the period. Eagle Ridge Investment Management boosted its stake in shares of Check Point Software Technologies by 2.0% in the second quarter. Eagle Ridge Investment Management now owns 46,581 shares of the technology company’s stock worth $5,081,000 after buying an additional 910 shares during the period. Korea Investment CORP boosted its stake in shares of Check Point Software Technologies by 22.5% in the second quarter. Korea Investment CORP now owns 167,600 shares of the technology company’s stock worth $18,282,000 after buying an additional 30,800 shares during the period. Finally, Menora Mivtachim Holdings LTD. boosted its stake in shares of Check Point Software Technologies by 79.1% in the second quarter. Menora Mivtachim Holdings LTD. now owns 841,975 shares of the technology company’s stock worth $91,843,000 after buying an additional 371,975 shares during the period. 72.46% of the stock is owned by institutional investors.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 106.14 on Monday. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 23.55 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. The company has a 50 day moving average of $110.64 and a 200 day moving average of $105.17.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm 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%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. On average, equities 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 brokerages have recently issued reports on CHKP. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, July 26th. Argus reaffirmed a “buy” rating and issued a $124.00 price objective (up previously from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research note on Sunday, July 23rd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, July 21st. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Check Point Software Technologies presently has an average rating of “Hold” and a consensus 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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