World Asset Management Inc Sells 104 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

World Asset Management Inc decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,095 shares of the technology company’s stock after selling 104 shares during the quarter. World Asset Management Inc’s holdings in Check Point Software Technologies were worth $358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bank grew its holdings in shares of Check Point Software Technologies by 69.7% in the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. NuWave Investment Management LLC raised its position in shares of Check Point Software Technologies by 64.5% in the 2nd quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock valued at $36,000 after acquiring an additional 120 shares during the period. First Personal Financial Services raised its position in shares of Check Point Software Technologies by 64.8% in the 1st quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock valued at $47,000 after acquiring an additional 147 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $63,000. Finally, Bremer Bank National Association acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $72,000. 70.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of CHKP traded down $1.75 during mid-day trading on Monday, hitting $109.99. 20,259 shares of the company’s stock were exchanged, compared to its average volume of 1,054,804. The firm has a market capitalization of $17.01 billion, a P/E ratio of 21.04, a PEG ratio of 2.30 and a beta of 0.79. 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 50-day moving average of $115.61.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, beating 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 business had revenue of $488.10 million during the quarter, compared to analysts’ expectations of $487.53 million. During the same period last year, the business earned $1.37 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Equities research analysts predict that Check Point Software Technologies Ltd. will post 5.5 EPS for the current fiscal year.

A number of analysts recently weighed in on CHKP shares. OTR Global downgraded shares of Check Point Software Technologies to a “positive” rating in a research report on Tuesday, July 16th. ValuEngine downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Check Point Software Technologies in a research report on Monday, April 22nd. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Barclays raised their target price on shares of Check Point Software Technologies from $120.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average 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.

Featured Story: New Google Finance Tool and Screening Stocks

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.