Nationwide Fund Advisors reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,909 shares of the technology company’s stock after selling 42,559 shares during the quarter. Nationwide Fund Advisors owned about 0.12% of Check Point Software Technologies worth $22,133,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. KCM Investment Advisors LLC grew its position in shares of Check Point Software Technologies by 2.6% in the 2nd quarter. KCM Investment Advisors LLC now owns 12,621 shares of the technology company’s stock worth $1,377,000 after buying an additional 320 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $236,000. Captrust Financial Advisors purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $271,000. Ameriprise Financial Inc. lifted its stake in shares of Check Point Software Technologies by 4.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,270,305 shares of the technology company’s stock valued at $138,887,000 after purchasing an additional 51,645 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Check Point Software Technologies by 4.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 515,291 shares of the technology company’s stock valued at $56,208,000 after purchasing an additional 24,087 shares during the period. Hedge funds and other institutional investors own 67.82% of the company’s stock.

A number of research analysts have recently commented on the company. Vetr cut Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 target price for the company. in a research note on Thursday, May 25th. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Argus restated a “buy” rating and issued a $124.00 target price (up previously from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $115.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, July 4th. Seventeen 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 target price of $110.64.

Check Point Software Technologies Ltd. (CHKP) opened at 113.00 on Monday. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The stock has a market cap of $18.46 billion, a PE ratio of 25.07 and a beta of 0.73. The stock has a 50 day moving average price of $108.86 and a 200 day moving average price of $107.39.

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, beating the 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 during the quarter, compared to analyst estimates of $454.62 million. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts predict that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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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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