Westport Asset Management Inc. continued to hold its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,300 shares of the technology company’s stock at the end of the second quarter. Check Point Software Technologies comprises approximately 1.3% of Westport Asset Management Inc.’s holdings, making the stock its 21st largest position. Westport Asset Management Inc.’s holdings in Check Point Software Technologies were worth $1,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CHKP. OppenheimerFunds Inc. acquired a new position in shares of Check Point Software Technologies during the first quarter valued at about $19,960,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Check Point Software Technologies during the second quarter valued at about $2,065,000. Azimuth Capital Management LLC increased its position in shares of 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 during the last quarter. Bank of Montreal Can increased its position in shares of 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 during the last quarter. Finally, Morgan Stanley increased its position in shares of Check Point Software Technologies by 9.8% in the first quarter. Morgan Stanley now owns 160,434 shares of the technology company’s stock valued at $16,471,000 after buying an additional 14,349 shares during the last quarter. 71.65% of the stock is currently owned by institutional investors.

Check Point Software Technologies Ltd. (CHKP) opened at 106.82 on Friday. The firm has a market cap of $17.45 billion, a PE ratio of 23.70 and a beta of 0.72. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63. The firm’s 50-day moving average is $108.90 and its 200-day moving average is $105.89.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates 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 company 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 firm earned $1.09 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts expect that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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CHKP has been the topic of several research reports. Argus reissued a “buy” rating and set a $124.00 price objective (up 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 price objective (down from $117.00) on shares of Check Point Software Technologies in a research report on Friday, July 21st. BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. BTIG Research reissued a “buy” rating and set a $118.00 price objective on shares of Check Point Software Technologies in a research report on Monday, April 24th. Finally, Cleveland Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $109.47.

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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