Victory Capital Management Inc. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,959 shares of the technology company’s stock after acquiring an additional 434 shares during the quarter. Victory Capital Management Inc.’s holdings in Check Point Software Technologies were worth $868,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CHKP. OppenheimerFunds Inc. acquired a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $19,960,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $2,065,000. Azimuth Capital Management LLC increased its stake 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 period. Private Trust Co. NA acquired a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $209,000. Finally, Aperio Group LLC increased its stake in shares of Check Point Software Technologies by 3.0% in the second quarter. Aperio Group LLC now owns 191,914 shares of the technology company’s stock valued at $20,934,000 after buying an additional 5,590 shares during the period. 67.82% of the stock is owned by hedge funds and other institutional investors.

CHKP has been the subject of several recent research reports. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 25th. 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, September 8th. Citigroup Inc. upped their price objective on Check Point Software Technologies from $109.00 to $111.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th. Finally, Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 11th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $110.64.

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Shares of Check Point Software Technologies Ltd. (CHKP) opened at 113.00 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63. The firm has a market cap of $18.46 billion, a P/E ratio of 25.07 and a beta of 0.73. The stock’s 50 day moving average is $108.86 and its 200 day moving average is $107.39.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results 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 firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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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