Private Advisor Group LLC Buys 170 Shares of Check Point Software Technologies Ltd. (CHKP)

Private Advisor Group LLC grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,584 shares of the technology company’s stock after purchasing an additional 170 shares during the quarter. Private Advisor Group LLC’s holdings in Check Point Software Technologies were worth $1,184,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Check Point Software Technologies by 1.9% during 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 purchasing an additional 229,321 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Check Point Software Technologies by 1,778.0% during the first quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after purchasing an additional 4,885,975 shares during the last quarter. Veritas Asset Management LLP bought a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $482,664,000. FMR LLC grew its holdings in shares of Check Point Software Technologies by 35.3% during the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after purchasing an additional 810,843 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Check Point Software Technologies by 3.8% during the second quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock valued at $289,870,000 after purchasing an additional 96,571 shares during the last quarter. 67.82% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. Cowen and Company reaffirmed a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a report on Friday. Credit Suisse Group started coverage on Check Point Software Technologies in a report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 target price for the company. Piper Jaffray Companies set a $108.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 25th. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, August 15th. 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 an average target price of $110.64.

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Shares of Check Point Software Technologies Ltd. (CHKP) opened at 112.63 on Monday. The stock’s 50 day moving average price is $107.98 and its 200-day moving average price is $106.94. The firm has a market cap of $18.40 billion, a P/E ratio of 24.99 and a beta of 0.73. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $454.62 million. During the same period last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current fiscal 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.

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

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