Check Point Software Technologies Ltd. (CHKP) Position Lessened by AMP Capital Investors Ltd

AMP Capital Investors Ltd decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 62,914 shares of the technology company’s stock after selling 13,855 shares during the period. AMP Capital Investors Ltd’s holdings in Check Point Software Technologies were worth $6,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC purchased a new position in Check Point Software Technologies during the first quarter worth approximately $127,000. Steward Partners Investment Advisory LLC raised its stake in Check Point Software Technologies by 50.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock worth $165,000 after purchasing an additional 566 shares during the period. Financial Gravity Wealth Inc. purchased a new position in Check Point Software Technologies during the first quarter worth approximately $179,000. Legacy Financial Advisors Inc. raised its stake in Check Point Software Technologies by 1,650.0% during the second quarter. Legacy Financial Advisors Inc. now owns 1,645 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,551 shares during the period. Finally, Global Financial Private Capital LLC purchased a new position in Check Point Software Technologies during the second quarter worth approximately $212,000. 66.73% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. Barclays reaffirmed a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Thursday, July 26th. Morgan Stanley increased their price target on shares of Check Point Software Technologies from $102.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $112.00 price target (up previously from $95.00) on shares of Check Point Software Technologies in a research note on Thursday, July 26th. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $108.00 to $130.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Monday, August 6th. Twenty-one investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $114.19.

Shares of CHKP stock opened at $120.50 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $93.76 and a 52 week high of $120.58. The firm has a market capitalization of $19.27 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.35 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 25th. The technology company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.18. Check Point Software Technologies had a net margin of 43.43% and a return on equity of 22.98%. The business had revenue of $467.80 million for the quarter, compared to the consensus estimate of $461.32 million. During the same quarter last year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. sell-side analysts forecast that Check Point Software Technologies Ltd. will post 5.19 earnings per share for the current year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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