YorkBridge Wealth Partners LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,384 shares of the technology company’s stock after acquiring an additional 213 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Check Point Software Technologies were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHKP. BlackRock Inc. raised its holdings in Check Point Software Technologies by 1,778.0% in the first quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after acquiring an additional 4,885,975 shares in the last quarter. Veritas Asset Management LLP acquired a new stake in Check Point Software Technologies in the second quarter valued at $482,664,000. BT Investment Management Ltd acquired a new stake in Check Point Software Technologies in the second quarter valued at $165,866,000. FMR LLC raised its holdings in Check Point Software Technologies by 35.3% in the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after acquiring an additional 810,843 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Check Point Software Technologies by 693.4% in the second quarter. JPMorgan Chase & Co. now owns 467,485 shares of the technology company’s stock valued at $50,993,000 after acquiring an additional 408,560 shares in the last quarter. 67.82% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the stock. Vetr upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 target price for the company in a research note on Monday, June 12th. BidaskClub upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. 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. Argus reiterated a “buy” rating and set 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. reiterated an “outperform” rating and set a $115.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, July 4th. Seventeen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $110.64.

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 1.47% during mid-day trading on Friday, reaching $114.02. 745,561 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $109.25 and a 200-day moving average price of $107.71. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The stock has a market cap of $18.62 billion, a P/E ratio of 25.30 and a beta of 0.73.

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, 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 return on equity of 22.02% and a net margin of 42.17%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. On average, analysts forecast that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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.

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

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