Denver Investment Advisors LLC maintained its stake in 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 institutional investor owned 2,780 shares of the technology company’s stock at the end of the second quarter. Denver Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $303,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CHKP. Crestwood Advisors Group LLC bought a new stake in Check Point Software Technologies during the first quarter valued at approximately $154,000. Bronfman E.L. Rothschild L.P. raised its stake in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares in the last quarter. IFP Advisors Inc raised its stake in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock valued at $155,000 after buying an additional 36 shares in the last quarter. Parallel Advisors LLC raised its stake in Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares in the last quarter. Finally, Trust Co. of Vermont raised its stake in Check Point Software Technologies by 6.0% in the first quarter. Trust Co. of Vermont now owns 1,775 shares of the technology company’s stock valued at $182,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 107.29 on Monday. The firm has a 50 day moving average price of $108.84 and a 200-day moving average price of $105.95. The firm has a market capitalization of $17.52 billion, a P/E ratio of 23.81 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 issued its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 in the prior year, the business earned $1.09 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Equities research analysts predict that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/21/denver-investment-advisors-llc-continues-to-hold-position-in-check-point-software-technologies-ltd-chkp.html.

Several equities research analysts have commented on the company. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, August 15th. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Vetr upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price objective on the stock in a research report on Monday, June 12th. Finally, BMO Capital Markets restated a “hold” rating and issued a $117.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $109.47.

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Stock Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related stocks with our FREE daily email newsletter.