Lazard Asset Management LLC Has $46.60 Million Holdings in Check Point Software Technologies Ltd. (CHKP)

Lazard Asset Management LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 24.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 427,237 shares of the technology company’s stock after selling 135,764 shares during the period. Lazard Asset Management LLC owned approximately 0.26% of Check Point Software Technologies worth $46,602,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Check Point Software Technologies by 150.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after acquiring an additional 600 shares during the last quarter. Fiduciary Trust Co. bought a new position in shares of Check Point Software Technologies in the second quarter worth about $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after purchasing an additional 20 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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 worth $155,000 after purchasing an additional 146 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of 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 worth $173,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.

A number of research firms have recently commented on CHKP. Citigroup Inc. upped their price target on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Cowen and Company restated a “buy” rating and issued a $113.00 price target on shares of Check Point Software Technologies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $128.00 price target on shares of Check Point Software Technologies in a report on Wednesday, July 26th. Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Northland Securities restated a “hold” rating and issued a $120.00 price target on shares of Check Point Software Technologies in a report on Friday, June 30th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $110.64.

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Check Point Software Technologies Ltd. (CHKP) traded down 1.60% during mid-day trading on Wednesday, hitting $111.17. 211,719 shares of the company’s stock traded hands. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $116.63. The stock has a market cap of $18.16 billion, a PE ratio of 24.67 and a beta of 0.73. The firm’s 50-day moving average price is $109.25 and its 200-day moving average price is $107.71.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The business had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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.

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

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