Check Point Software Technologies Ltd. (CHKP) Position Lowered by Regentatlantic Capital LLC

Regentatlantic Capital LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,352 shares of the technology company’s stock after selling 135 shares during the period. Regentatlantic Capital LLC’s holdings in Check Point Software Technologies were worth $693,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cim LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter valued at about $227,000. Howard Capital Management raised its position in Check Point Software Technologies by 1.6% in the first quarter. Howard Capital Management now owns 151,265 shares of the technology company’s stock valued at $15,529,000 after buying an additional 2,365 shares in the last quarter. Eastern Bank purchased a new position in Check Point Software Technologies during the first quarter valued at $339,000. Baldwin Brothers Inc. MA raised its position in Check Point Software Technologies by 3.6% in the first quarter. Baldwin Brothers Inc. MA now owns 115,678 shares of the technology company’s stock valued at $11,876,000 after buying an additional 4,019 shares in the last quarter. Finally, Atria Investments LLC raised its position in Check Point Software Technologies by 5.1% in the first quarter. Atria Investments LLC now owns 7,176 shares of the technology company’s stock valued at $737,000 after buying an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.35% during midday trading on Tuesday, hitting $106.46. 753,170 shares of the stock were exchanged. The company’s 50 day moving average is $110.21 and its 200-day moving average is $105.18. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The stock has a market cap of $17.39 billion, a PE ratio of 23.62 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The business had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. On average, analysts expect that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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Several research analysts have recently weighed in on CHKP shares. BidaskClub lowered shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a $116.00 target price (up previously from $110.00) on shares of Check Point Software Technologies in a report on Friday, April 21st. Citigroup Inc. lifted their target price on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $118.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 27th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a report on Friday, July 21st. Eighteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $109.25.

About Check Point Software Technologies

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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

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