State of Alaska Department of Revenue Has $1.99 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

State of Alaska Department of Revenue reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,202 shares of the technology company’s stock after selling 2,268 shares during the period. State of Alaska Department of Revenue’s holdings in Check Point Software Technologies were worth $1,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pinnacle Bank raised its position in Check Point Software Technologies by 69.7% during the second quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. NuWave Investment Management LLC increased its holdings in shares of Check Point Software Technologies by 64.5% during the second quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock worth $36,000 after buying an additional 120 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Check Point Software Technologies by 64.8% during the first quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock worth $47,000 after buying an additional 147 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the first quarter worth $63,000. Finally, Bremer Bank National Association acquired a new position in shares of Check Point Software Technologies during the first quarter worth $72,000. Institutional investors and hedge funds own 71.03% of the company’s stock.

Shares of Check Point Software Technologies stock traded up $0.95 during trading on Friday, hitting $111.74. The company’s stock had a trading volume of 1,093,145 shares, compared to its average volume of 1,054,804. Check Point Software Technologies Ltd. has a 52 week low of $98.57 and a 52 week high of $132.76. The stock has a market capitalization of $16.87 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. The firm’s 50-day moving average is $115.61.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.14. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The company had revenue of $488.10 million for the quarter, compared to analysts’ expectations of $487.53 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that Check Point Software Technologies Ltd. will post 5.5 EPS for the current fiscal year.

CHKP has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Deutsche Bank upped 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 report on Monday, April 15th. Robert W. Baird reiterated a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a report on Wednesday, July 24th. BidaskClub downgraded shares of Check Point Software Technologies from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, 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 report on Monday, April 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Hold” and an average 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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