QCI Asset Management Inc. NY cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,707 shares of the technology company’s stock after selling 104 shares during the period. Check Point Software Technologies comprises approximately 1.7% of QCI Asset Management Inc. NY’s investment portfolio, making the stock its 26th largest position. QCI Asset Management Inc. NY owned approximately 0.08% of Check Point Software Technologies worth $13,930,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after buying an additional 20 shares during the period. IFP Advisors Inc boosted 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 during the period. Bronfman E.L. Rothschild L.P. boosted 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 during the period. Parallel Advisors LLC boosted 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 during the period. Finally, Trust Co. of Vermont boosted 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 during the period. Institutional investors own 67.82% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 109.03 on Tuesday. The company’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 1-year low of $74.34 and a 1-year high of $116.63. The firm has a market cap of $17.81 billion, a price-to-earnings ratio of 24.19 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The business had revenue of $458.60 million for 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 revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Equities analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “QCI Asset Management Inc. NY Cuts Position in Check Point Software Technologies Ltd. (CHKP)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/29/qci-asset-management-inc-ny-cuts-position-in-check-point-software-technologies-ltd-chkp.html.

Several equities research analysts have recently commented on CHKP shares. Argus restated a “buy” rating and set a $124.00 price target (up previously from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $128.00 price target on shares of Check Point Software Technologies in a research note on Tuesday, August 15th. BMO Capital Markets restated a “market perform” rating and set a $115.00 price target (down previously from $117.00) on shares of Check Point Software Technologies in a research note on Friday, July 21st. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies set a $108.00 price target on Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target 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)

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.