Sciencast Management LP increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 231.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,575 shares of the technology company’s stock after buying an additional 5,291 shares during the quarter. Sciencast Management LP’s holdings in Check Point Software Technologies were worth $826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its holdings in shares of Check Point Software Technologies by 150.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after buying an additional 600 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Check Point Software Technologies by 1.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after buying an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Check Point Software Technologies by 13.9% in the 1st quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares during the last quarter. Finally, Trust Co. of Vermont boosted its holdings in shares of Check Point Software Technologies by 2.2% in the 2nd quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after buying an additional 39 shares during the last quarter. 67.82% of the stock is owned by institutional investors.

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Check Point Software Technologies Ltd. (CHKP) traded up 0.70% on Friday, reaching $116.81. The company’s stock had a trading volume of 281,871 shares. The firm has a 50 day moving average of $111.46 and a 200 day moving average of $108.74. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $117.11. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 25.92 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last issued 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. The firm had revenue of $458.60 million for 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 business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

Several equities research analysts have recently commented on CHKP shares. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report 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 report on Friday, August 25th. Cowen and Company reissued a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, September 8th. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, August 11th. Finally, Citigroup Inc. increased their price objective on Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Seventeen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Check Point Software Technologies has an average rating of “Hold” and an average target price of $111.08.

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.

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

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