Bank of New York Mellon Corp reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 336,677 shares of the technology company’s stock after selling 21,336 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.21% of Check Point Software Technologies worth $36,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CHKP. BlackRock Inc. boosted its stake in shares of Check Point Software Technologies by 1,778.0% during the first quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after purchasing an additional 4,885,975 shares during the period. FMR LLC boosted its stake in shares of Check Point Software Technologies by 35.3% during the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after purchasing an additional 810,843 shares during the period. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Check Point Software Technologies during the first quarter valued at $48,250,000. Congress Asset Management Co. MA purchased a new stake in shares of Check Point Software Technologies during the first quarter valued at $45,778,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Check Point Software Technologies by 1,297.9% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 385,185 shares of the technology company’s stock valued at $39,543,000 after purchasing an additional 357,631 shares during the period. 67.82% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 112.63 on Friday. The firm has a market cap of $18.40 billion, a P/E ratio of 24.99 and a beta of 0.73. The stock’s 50 day moving average is $107.98 and its 200 day moving average is $106.94. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $116.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $458.60 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $1.09 earnings per share. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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A number of analysts recently weighed in on the stock. BidaskClub lowered shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. 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. Argus reaffirmed a “buy” rating and issued a $124.00 price objective (up from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a research note on Friday, June 30th. Eighteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $110.64.

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.

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

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