Check Point Software Technologies Ltd. (CHKP) Position Raised by Axa

AXA raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,805 shares of the technology company’s stock after acquiring an additional 32,118 shares during the quarter. AXA owned approximately 0.11% of Check Point Software Technologies worth $20,486,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its position in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Check Point Software Technologies by 5.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,678 shares of the technology company’s stock worth $1,199,000 after buying an additional 600 shares in the last quarter. American Century Companies Inc. purchased a new stake in Check Point Software Technologies in the first quarter worth about $267,000. Comerica Bank increased its position in Check Point Software Technologies by 12.4% in the first quarter. Comerica Bank now owns 22,596 shares of the technology company’s stock worth $2,358,000 after buying an additional 2,494 shares in the last quarter. Finally, Carnick & Kubik Group LLC increased its position in Check Point Software Technologies by 8.3% in the first quarter. Carnick & Kubik Group LLC now owns 17,668 shares of the technology company’s stock worth $1,814,000 after buying an additional 1,356 shares in the last quarter. 67.82% of the stock is currently owned by institutional investors.

A number of analysts have commented on CHKP shares. BidaskClub cut Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price target on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, August 25th. Cowen and Company restated a “buy” rating and issued a $113.00 price target on shares of Check Point Software Technologies in a research report on Friday, September 8th. Citigroup Inc. increased their target price on Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 25th. Finally, Evercore ISI set a $100.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, August 11th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $110.64.

Check Point Software Technologies Ltd. (CHKP) traded up 0.21% on Friday, reaching $113.00. The company’s stock had a trading volume of 986,931 shares. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63. The company has a 50 day moving average of $108.86 and a 200 day moving average of $107.39. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 25.07 and a beta of 0.73.

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

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Check Point Software Technologies Company Profile

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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