Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 33.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,529 shares of the technology company’s stock after acquiring an additional 629 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Check Point Software Technologies were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CHKP. Pinnacle Bank boosted its holdings in shares of Check Point Software Technologies by 69.7% in the second quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. NuWave Investment Management LLC boosted its holdings in shares of Check Point Software Technologies by 64.5% in the second 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 boosted its holdings in shares of Check Point Software Technologies by 64.8% in the first 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 first quarter valued at approximately $63,000. Finally, Bremer Bank National Association acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $72,000. 71.08% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CHKP traded up $1.28 during mid-day trading on Tuesday, hitting $110.71. 22,054 shares of the company were exchanged, compared to its average volume of 1,144,554. The business’s 50 day moving average is $114.98. 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 price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.29 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $488.10 million during the quarter, compared to the consensus estimate of $487.53 million. During the same quarter last year, the company earned $1.37 earnings per share. Check Point Software Technologies’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 5.49 EPS for the current fiscal year.

Several equities research analysts recently weighed in on CHKP shares. OTR Global downgraded Check Point Software Technologies to a “positive” rating in a report on Tuesday, July 16th. Deutsche Bank increased their price target on Check Point Software Technologies from $110.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, April 15th. BidaskClub raised Check Point Software Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday. Oppenheimer increased their price target on Check Point Software Technologies from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Finally, Zacks Investment Research downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $124.47.

About Check Point Software Technologies

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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