Legal & General Group Plc raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 564,884 shares of the technology company’s stock after buying an additional 42,352 shares during the period. Legal & General Group Plc owned about 0.35% of Check Point Software Technologies worth $61,618,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Prescott Group Capital Management L.L.C. boosted its stake in shares of Check Point Software Technologies by 65.7% in the first quarter. Prescott Group Capital Management L.L.C. now owns 32,800 shares of the technology company’s stock worth $3,367,000 after buying an additional 13,000 shares during the last quarter. First Houston Capital Inc. boosted its stake in shares of Check Point Software Technologies by 84.5% in the first quarter. First Houston Capital Inc. now owns 23,800 shares of the technology company’s stock worth $2,443,000 after buying an additional 10,900 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Check Point Software Technologies by 2.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,400 shares of the technology company’s stock worth $1,992,000 after buying an additional 500 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Check Point Software Technologies by 728,912.5% in the first quarter. Canada Pension Plan Investment Board now owns 291,605 shares of the technology company’s stock worth $29,936,000 after buying an additional 291,565 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Check Point Software Technologies by 16.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,202 shares of the technology company’s stock worth $1,047,000 after buying an additional 1,472 shares during the last quarter. 71.65% of the stock is owned by institutional investors.

Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 108.71 on Friday. The firm has a market cap of $17.76 billion, a P/E ratio of 24.12 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 price of $108.73 and a 200 day moving average price of $106.30.

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, 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 firm had revenue of $458.60 million during the quarter, compared to analyst estimates of $454.62 million. During the same period last year, the company earned $1.09 EPS. Check Point Software Technologies’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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A number of brokerages have recently issued reports on CHKP. BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Susquehanna Bancshares Inc began coverage on shares of Check Point Software Technologies in a research report on Wednesday, June 7th. They set a “positive” rating and a $132.00 price objective for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $117.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, June 1st. Vetr cut shares of Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price objective for the company. in a research report on Thursday, May 25th. Finally, Citigroup Inc. upped their price objective on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $110.67.

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

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