Sawtooth Solutions LLC Has $306,000 Position in Check Point Software Technologies Ltd. (CHKP)

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Sawtooth Solutions LLC lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 48.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,136 shares of the technology company’s stock after purchasing an additional 1,022 shares during the period. Sawtooth Solutions LLC’s holdings in Check Point Software Technologies were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Certified Advisory Corp raised its position in Check Point Software Technologies by 487.8% during the 1st quarter. Certified Advisory Corp now owns 1,205 shares of the technology company’s stock worth $119,000 after buying an additional 1,000 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth approximately $127,000. Steward Partners Investment Advisory LLC grew its stake in shares of Check Point Software Technologies by 50.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock worth $165,000 after purchasing an additional 566 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth approximately $179,000. Finally, Legacy Financial Advisors Inc. grew its stake in shares of Check Point Software Technologies by 1,650.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,645 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,551 shares during the period. Hedge funds and other institutional investors own 66.73% of the company’s stock.

Shares of Check Point Software Technologies stock traded up $0.68 on Friday, reaching $120.50. 540,380 shares of the company were exchanged, compared to its average volume of 814,299. Check Point Software Technologies Ltd. has a 1-year low of $93.76 and a 1-year high of $120.58. The company has a market cap of $19.27 billion, a PE ratio of 23.17, a P/E/G ratio of 2.35 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 25th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.18. The firm had revenue of $467.80 million during the quarter, compared to the consensus estimate of $461.32 million. Check Point Software Technologies had a return on equity of 22.98% and a net margin of 43.43%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. analysts forecast that Check Point Software Technologies Ltd. will post 5.19 EPS for the current year.

CHKP has been the topic of a number of research analyst reports. Barclays reissued a “hold” rating and issued a $120.00 price target on shares of Check Point Software Technologies in a research note on Thursday, July 26th. Morgan Stanley lifted their price target on shares of Check Point Software Technologies from $102.00 to $116.00 and gave the company an “equal weight” rating in a research note on Thursday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $112.00 target price (up previously from $95.00) on shares of Check Point Software Technologies in a research note on Thursday, July 26th. BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $108.00 to $130.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Monday, August 6th. Twenty-one research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $114.19.

Check Point Software Technologies Company 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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