Andra AP fonden raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 402.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,300 shares of the technology company’s stock after buying an additional 114,000 shares during the period. Andra AP fonden owned approximately 0.09% of Check Point Software Technologies worth $15,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHKP. Teachers Advisors LLC raised its position in Check Point Software Technologies by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 102,913 shares of the technology company’s stock valued at $8,692,000 after buying an additional 8,174 shares during the period. Bank of Montreal Can raised 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 during the period. State of Alaska Department of Revenue acquired a new position in Check Point Software Technologies during the first quarter valued at about $580,000. Sigma Planning Corp acquired a new position in Check Point Software Technologies during the first quarter valued at about $305,000. Finally, Profund Advisors LLC raised its position in Check Point Software Technologies by 4.1% in the first quarter. Profund Advisors LLC now owns 8,960 shares of the technology company’s stock valued at $920,000 after buying an additional 350 shares during the period. 71.65% of the stock is owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down 0.42% during trading on Friday, reaching $108.71. 469,913 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $108.73 and its 200-day moving average price is $106.30. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $116.63. The stock has a market cap of $17.76 billion, a PE ratio of 24.12 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $454.62 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts forecast 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 recent research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $105.00 price target on shares of Check Point Software Technologies in a research report on Friday, April 28th. Barclays PLC raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $95.00 to $112.00 in a research report on Friday, April 28th. Cowen and Company raised their price objective on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Evercore ISI dropped their price objective on shares of Check Point Software Technologies from $100.00 to $95.00 and set an “in-line” rating for the company in a report on Friday, April 28th. Finally, Citigroup Inc. raised their price objective on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $110.67.

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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