Northwestern Mutual Wealth Management Co. Has $299,000 Holdings in Check Point Software Technologies Ltd. (CHKP)

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,738 shares of the technology company’s stock after buying an additional 426 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Check Point Software Technologies were worth $299,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Check Point Software Technologies by 1.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,349,727 shares of the technology company’s stock valued at $1,267,823,000 after purchasing an additional 229,321 shares during the period. BlackRock Inc. raised its holdings in shares of Check Point Software Technologies by 1,778.0% in the 1st quarter. BlackRock Inc. now owns 5,160,771 shares of the technology company’s stock valued at $529,804,000 after purchasing an additional 4,885,975 shares during the period. Veritas Asset Management LLP bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at about $482,664,000. FMR LLC raised its holdings in shares of Check Point Software Technologies by 35.3% in the 1st quarter. FMR LLC now owns 3,107,897 shares of the technology company’s stock valued at $319,056,000 after purchasing an additional 810,843 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of Check Point Software Technologies by 3.8% in the 2nd quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock valued at $289,870,000 after purchasing an additional 96,571 shares during the period. 67.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at 113.00 on Monday. The company’s 50 day moving average is $108.86 and its 200 day moving average is $107.39. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week 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 posted its earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. The business had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. Check Point Software Technologies’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 EPS. Analysts anticipate that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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CHKP has been the topic of a number of research analyst reports. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. 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. 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. Zacks Investment Research cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a report on Friday, June 30th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average 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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