APG Asset Management N.V. boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 23.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,665,511 shares of the technology company’s stock after buying an additional 312,620 shares during the period. APG Asset Management N.V. owned 1.01% of Check Point Software Technologies worth $181,674,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in Check Point Software Technologies by 1.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,349,727 shares of the technology company’s stock valued at $1,267,823,000 after buying an additional 229,321 shares during the period. Harding Loevner LP raised its stake in Check Point Software Technologies by 31.8% in the first quarter. Harding Loevner LP now owns 5,565,861 shares of the technology company’s stock valued at $571,391,000 after buying an additional 1,342,443 shares during the period. BlackRock Inc. raised its stake 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 buying an additional 4,885,975 shares during the period. FMR LLC raised its stake 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 buying an additional 810,843 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of Check Point Software Technologies by 6.4% in the first quarter. William Blair Investment Management LLC now owns 2,560,834 shares of the technology company’s stock worth $262,895,000 after buying an additional 155,142 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.
Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 0.650% during trading on Thursday, hitting $106.025. 305,642 shares of the stock traded hands. The company has a market cap of $17.32 billion, a P/E ratio of 23.525 and a beta of 0.72. 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 50-day moving average of $110.64 and a 200 day moving average of $105.17.
Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same period in the previous year, the business earned $1.09 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.
CHKP has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $118.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 27th. BTIG Research restated a “buy” rating and set a $118.00 price objective on shares of Check Point Software Technologies in a report on Monday, April 24th. Cleveland Research upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a report on Monday, April 24th. BidaskClub downgraded shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, July 21st. Eighteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $109.25.
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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