Huntington National Bank Trims Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

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Huntington National Bank trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,823 shares of the technology company’s stock after selling 428 shares during the period. Huntington National Bank’s holdings in Check Point Software Technologies were worth $1,163,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 1st quarter worth $25,000. First Quadrant L P CA bought a new position in Check Point Software Technologies in the 2nd quarter worth $27,000. Eudaimonia Partners LLC bought a new position in Check Point Software Technologies in the 1st quarter worth $29,000. Ballast Advisors LLC bought a new position in Check Point Software Technologies in the 1st quarter worth $36,000. Finally, Ameritas Investment Company LLC bought a new position in Check Point Software Technologies in the 1st quarter worth $39,000. Hedge funds and other institutional investors own 68.38% of the company’s stock.

Shares of NASDAQ:CHKP traded up $1.81 during trading on Friday, reaching $125.35. The company’s stock had a trading volume of 1,189,859 shares, compared to its average volume of 1,226,689. Check Point Software Technologies Ltd. has a 12 month low of $80.06 and a 12 month high of $130.65. The firm’s 50 day simple moving average is $113.85 and its two-hundred day simple moving average is $108.33. The stock has a market capitalization of $18.23 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.89 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.14. Check Point Software Technologies had a net margin of 41.21% and a return on equity of 24.29%. The company had revenue of $505.60 million for the quarter, compared to analyst estimates of $486.35 million. During the same period in the prior year, the company posted $1.38 EPS. On average, equities analysts predict that Check Point Software Technologies Ltd. will post 5.91 EPS for the current fiscal year.

Several research analysts recently weighed in on CHKP shares. Robert W. Baird reaffirmed a “hold” rating and issued a $117.00 target price on shares of Check Point Software Technologies in a report on Monday, July 27th. Bank of America increased their price objective on shares of Check Point Software Technologies from $100.00 to $102.00 and gave the company an “underperform” rating in a report on Tuesday, April 28th. BidaskClub raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 8th. Oppenheimer began coverage on shares of Check Point Software Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $126.00 price objective for the company. Finally, Barclays increased their price objective on shares of Check Point Software Technologies from $114.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $118.35.

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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