World Asset Management Inc decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,624 shares of the technology company’s stock after selling 1,114 shares during the period. World Asset Management Inc’s holdings in Check Point Software Technologies were worth $1,050,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock valued at $153,000 after buying an additional 371 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in Check Point Software Technologies during the first quarter valued at approximately $154,000. IFP Advisors Inc boosted its position in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock valued at $155,000 after buying an additional 36 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Check Point Software Technologies by 13.9% in the first 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 in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.
Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 106.14 on Friday. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 23.55 and a beta of 0.72. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $116.63. The stock’s 50 day moving average is $110.64 and its 200-day moving average is $105.17.
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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. The firm had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.
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Several equities analysts have commented on the stock. Barclays PLC raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $95.00 to $112.00 in a research report on Friday, April 28th. Vetr lowered shares of Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price target for the company. in a research note on Thursday, May 25th. Morgan Stanley upgraded shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $87.00 to $107.00 in a research note on Tuesday, April 18th. BidaskClub upgraded shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, 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. Eighteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $109.25.
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.
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