BlackRock Inc. Has $561.98 Million Stake in Check Point Software Technologies Ltd. (CHKP)

BlackRock Inc. lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,152,003 shares of the technology company’s stock after selling 8,768 shares during the period. BlackRock Inc. owned about 3.15% of Check Point Software Technologies worth $561,980,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Check Point Software Technologies by 1.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,349,727 shares of the technology company’s stock valued at $1,267,823,000 after buying an additional 229,321 shares during the last quarter. Veritas Asset Management LLP acquired a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $482,664,000. FMR LLC raised its position in shares of Check Point Software Technologies by 35.3% in the first quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after buying an additional 810,843 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Check Point Software Technologies by 3.8% in the second quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock valued at $289,870,000 after buying an additional 96,571 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Check Point Software Technologies by 23.1% in the second quarter. APG Asset Management N.V. now owns 1,665,511 shares of the technology company’s stock valued at $181,674,000 after buying an additional 312,620 shares during the last quarter. 67.82% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on CHKP. BidaskClub upgraded shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Susquehanna Bancshares Inc began coverage on shares of Check Point Software Technologies in a report on Wednesday, June 7th. They issued a “positive” rating and a $132.00 target price for the company. BMO Capital Markets restated a “hold” rating and issued a $117.00 target price on shares of Check Point Software Technologies in a report on Thursday, June 1st. Cowen and Company restated a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a report on Friday, September 8th. Finally, Credit Suisse Group began coverage on shares of Check Point Software Technologies in a report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 target price for the company. Seventeen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $110.64.

Check Point Software Technologies Ltd. (CHKP) opened at 111.99 on Friday. The stock has a 50 day moving average of $109.25 and a 200 day moving average of $107.71. The stock has a market capitalization of $18.29 billion, a P/E ratio of 24.85 and a beta of 0.73. Check Point Software Technologies Ltd. has a 52 week low of $74.34 and a 52 week high of $116.63.

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, beating the consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company had revenue of $458.60 million for the quarter, compared to the consensus estimate of $454.62 million. During the same quarter last year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current fiscal year.

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Check Point Software Technologies 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.

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

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