Pendal Group Ltd boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,349,995 shares of the technology company’s stock after acquiring an additional 215,915 shares during the quarter. Check Point Software Technologies accounts for about 3.8% of Pendal Group Ltd’s portfolio, making the stock its 7th biggest holding. Pendal Group Ltd owned 1.54% of Check Point Software Technologies worth $271,683,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. William Blair Investment Management LLC raised its holdings in Check Point Software Technologies by 1,576.6% in the 1st quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock valued at $208,921,000 after buying an additional 1,553,162 shares during the period. BlackRock Inc. raised its holdings in Check Point Software Technologies by 11.7% in the 1st quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock valued at $736,781,000 after buying an additional 612,046 shares during the period. Acadian Asset Management LLC raised its holdings in Check Point Software Technologies by 26.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,630,815 shares of the technology company’s stock valued at $206,281,000 after buying an additional 336,148 shares during the period. AJO LP raised its holdings in Check Point Software Technologies by 368.1% in the 1st quarter. AJO LP now owns 302,442 shares of the technology company’s stock valued at $38,256,000 after buying an additional 237,827 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Check Point Software Technologies by 15.0% in the 1st quarter. Nordea Investment Management AB now owns 1,650,535 shares of the technology company’s stock valued at $208,773,000 after buying an additional 215,133 shares during the period. 71.08% of the stock is currently owned by institutional investors.

Shares of Check Point Software Technologies stock traded up $1.39 on Tuesday, reaching $110.82. 42,979 shares of the company were exchanged, compared to its average volume of 1,144,554. Check Point Software Technologies Ltd. has a 1-year low of $98.57 and a 1-year high of $132.76. The company has a market capitalization of $16.90 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.29 and a beta of 0.79. The stock’s 50 day moving average is $114.98.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. Check Point Software Technologies had a return on equity of 22.05% and a net margin of 40.99%. The business had revenue of $488.10 million during the quarter, compared to the consensus estimate of $487.53 million. During the same period in the previous year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts predict that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current fiscal year.

CHKP has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BMO Capital Markets reiterated an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Check Point Software Technologies in a research note on Monday, April 22nd. Evercore ISI set a $105.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Northland Securities reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Finally, Deutsche Bank boosted their price target on shares of Check Point Software Technologies from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $124.47.

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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