Earnest Partners LLC Has $109.69 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

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Earnest Partners LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 948,748 shares of the technology company’s stock after selling 11,747 shares during the quarter. Check Point Software Technologies makes up 1.0% of Earnest Partners LLC’s holdings, making the stock its 27th biggest holding. Earnest Partners LLC owned approximately 0.62% of Check Point Software Technologies worth $109,685,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. William Blair Investment Management LLC raised its position in shares of Check Point Software Technologies by 1,576.6% during the first quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock worth $208,921,000 after acquiring an additional 1,553,162 shares during the last quarter. BlackRock Inc. raised its position in shares of Check Point Software Technologies by 11.7% during the first quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock worth $736,781,000 after acquiring an additional 612,046 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Check Point Software Technologies by 24.8% during the second quarter. Schroder Investment Management Group now owns 2,390,128 shares of the technology company’s stock worth $276,323,000 after acquiring an additional 474,495 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Check Point Software Technologies by 26.0% in the first quarter. Acadian Asset Management LLC now owns 1,630,815 shares of the technology company’s stock worth $206,281,000 after purchasing an additional 336,148 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its holdings in Check Point Software Technologies by 21.3% in the second quarter. Altshuler Shaham Ltd now owns 1,513,667 shares of the technology company’s stock worth $174,995,000 after purchasing an additional 265,646 shares in the last quarter. 70.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on CHKP shares. Northland Securities reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Evercore ISI set a $105.00 target price on Check Point Software Technologies and gave the company a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird reaffirmed a “hold” rating and set a $120.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, July 24th. BidaskClub raised Check Point Software Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, OTR Global cut Check Point Software Technologies to a “positive” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $124.47.

Shares of NASDAQ:CHKP opened at $111.46 on Friday. The firm’s 50 day moving average price is $109.40 and its 200-day moving average price is $116.81. Check Point Software Technologies Ltd. has a twelve month low of $98.57 and a twelve month high of $132.76. The stock has a market capitalization of $16.94 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The firm had revenue of $488.10 million for the quarter, compared to analysts’ expectations of $487.53 million. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 EPS. Equities analysts forecast that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current year.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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