First Trust Advisors LP Sells 16,947 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

First Trust Advisors LP lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 795,935 shares of the technology company’s stock after selling 16,947 shares during the period. First Trust Advisors LP’s holdings in Check Point Software Technologies were worth $86,821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. Quadrant Capital Group LLC boosted its position in shares of Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock valued at $153,000 after buying an additional 371 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of Check Point Software Technologies during the first quarter valued at approximately $154,000. IFP Advisors Inc boosted its position in shares of 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 valued at $155,000 after buying an additional 36 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock valued at $155,000 after buying an additional 146 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Check Point Software Technologies by 13.9% in the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after buying an additional 202 shares in the last quarter. 72.46% of the stock is currently owned by institutional investors.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at 104.99 on Friday. The company has a market capitalization of $17.15 billion, a P/E ratio of 23.29 and a beta of 0.72. The stock’s 50 day moving average is $109.65 and its 200 day moving average is $105.55. 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 issued its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $454.62 million. During the same period last year, the company posted $1.09 EPS. Check Point Software Technologies’s revenue was up 8.5% on a year-over-year basis. Equities analysts expect that Check Point Software Technologies Ltd. will post $5.18 EPS for the current year.

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Several research analysts have recently commented on CHKP shares. BTIG Research reaffirmed a “buy” rating and set a $118.00 target price on shares of Check Point Software Technologies in a report on Monday, April 24th. Cleveland Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and issued a $118.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 27th. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Cowen and Company reissued a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, July 21st. Eighteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $109.25.

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.

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

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