Check Point Software Technologies Ltd. (CHKP) Stake Cut by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,399 shares of the technology company’s stock after selling 327 shares during the period. Duff & Phelps Investment Management Co. owned 0.06% of Check Point Software Technologies worth $11,281,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of CHKP. Crestwood Advisors Group LLC bought a new position in Check Point Software Technologies during the first quarter worth about $154,000. Bronfman E.L. Rothschild L.P. boosted its position in 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 worth $155,000 after buying an additional 146 shares during the period. IFP Advisors Inc boosted 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 during the period. Parallel Advisors LLC boosted its position in 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 worth $173,000 after buying an additional 202 shares during the period. Finally, Trust Co. of Vermont boosted its position in Check Point Software Technologies by 6.0% in the first quarter. Trust Co. of Vermont now owns 1,775 shares of the technology company’s stock worth $182,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 72.46% of the company’s stock.

Check Point Software Technologies Ltd. (CHKP) opened at 105.94 on Friday. 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 market cap of $17.30 billion, a PE ratio of 23.51 and a beta of 0.72. The firm’s 50 day moving average is $109.43 and its 200 day moving average is $105.61.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $458.60 million for 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on the stock. Evercore ISI set a $100.00 price objective on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $128.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, July 26th. Argus reissued a “buy” rating and set a $124.00 price objective (up previously from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC reissued a “hold” rating and set a $110.00 price objective on shares of Check Point Software Technologies in a research report on Sunday, July 23rd. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $109.47.

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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