Check Point Software Technologies Ltd. (CHKP) Holdings Cut by Accident Compensation Corp

Accident Compensation Corp lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,126 shares of the technology company’s stock after selling 3,800 shares during the period. Check Point Software Technologies comprises 1.9% of Accident Compensation Corp’s investment portfolio, making the stock its 13th largest holding. Accident Compensation Corp’s holdings in Check Point Software Technologies were worth $6,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHKP. Fiduciary Trust Co. acquired a new stake in Check Point Software Technologies during the 2nd quarter worth about $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Check Point Software Technologies by 1.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after buying an additional 20 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in Check Point Software Technologies by 10.7% during the 1st 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. Parallel Advisors LLC raised its holdings in Check Point Software Technologies by 13.9% during the 1st 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 raised its holdings in Check Point Software Technologies by 2.2% during the 2nd quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock worth $198,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 67.82% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.21% during midday trading on Friday, reaching $113.00. The company’s stock had a trading volume of 986,931 shares. The company has a 50-day moving average price of $108.86 and a 200-day moving average price of $107.39. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 25.07 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same quarter last year, the firm earned $1.09 EPS. Check Point Software Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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Several analysts have issued reports on CHKP shares. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 25th. Cowen and Company restated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, September 8th. Citigroup Inc. boosted their price objective on Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Finally, Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 11th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $110.64.

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.

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

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