Acrospire Investment Management LLC increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 150.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,000 shares of the technology company’s stock after buying an additional 600 shares during the quarter. Acrospire Investment Management LLC’s holdings in Check Point Software Technologies were worth $109,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AXA raised its position in shares of Check Point Software Technologies by 20.6% during the 2nd quarter. AXA now owns 187,805 shares of the technology company’s stock valued at $20,486,000 after buying an additional 32,118 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Check Point Software Technologies by 7.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock valued at $9,725,000 after buying an additional 5,914 shares during the period. Martin Investment Management LLC raised its position in shares of Check Point Software Technologies by 17.0% during the 2nd quarter. Martin Investment Management LLC now owns 118,581 shares of the technology company’s stock valued at $12,935,000 after buying an additional 17,204 shares during the period. OppenheimerFunds Inc. purchased a new stake in shares of Check Point Software Technologies during the 1st quarter valued at approximately $19,960,000. Finally, Pictet & Cie Europe SA raised its position in shares of Check Point Software Technologies by 6.2% during the 2nd quarter. Pictet & Cie Europe SA now owns 17,163 shares of the technology company’s stock valued at $1,872,000 after buying an additional 1,000 shares during the period. 67.82% of the stock is currently owned by hedge funds and other institutional investors.

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Several analysts have recently commented on CHKP shares. Barclays PLC reaffirmed a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Citigroup Inc. lifted their price target on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Northland Securities reaffirmed a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research report on Friday, June 30th. BMO Capital Markets reaffirmed 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 report on Friday, July 21st. Finally, Piper Jaffray Companies lowered shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $116.00 to $108.00 in a research report on Friday, July 21st. 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 an average target price of $110.64.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The company had revenue of $458.60 million during the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS.

Check Point Software Technologies 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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