Stratos Wealth Partners LTD. Has $241,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Stratos Wealth Partners LTD. lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,208 shares of the technology company’s stock after selling 7 shares during the period. Stratos Wealth Partners LTD.’s holdings in Check Point Software Technologies were worth $241,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in Check Point Software Technologies by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 102,913 shares of the technology company’s stock worth $8,692,000 after buying an additional 8,174 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Check Point Software Technologies by 1.5% in the first quarter. Raymond James Trust N.A. now owns 4,976 shares of the technology company’s stock worth $511,000 after buying an additional 72 shares in the last quarter. Creative Planning boosted its stake in shares of Check Point Software Technologies by 16.7% in the first quarter. Creative Planning now owns 5,821 shares of the technology company’s stock valued at $598,000 after buying an additional 835 shares during the period. Quadrant Capital Group LLC boosted its stake 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 during the period. Finally, Bank of Montreal Can boosted its stake in shares of Check Point Software Technologies by 3.5% in the first quarter. Bank of Montreal Can now owns 81,316 shares of the technology company’s stock valued at $8,348,000 after buying an additional 2,767 shares during the period. Institutional investors own 72.46% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at 104.99 on Friday. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 23.29 and a beta of 0.72. The company has a 50 day moving average price of $109.65 and a 200-day moving average price of $105.55. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year 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 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 42.17% and a return on equity of 22.02%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. Equities analysts predict that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 26th. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Argus reaffirmed a “buy” rating and issued a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Vetr raised Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 target price on the stock in a report on Monday, June 12th. Finally, Cowen and Company reaffirmed a “buy” rating and issued 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 stock. Check Point Software Technologies has an average rating of “Hold” and an average price target 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.

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

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