Check Point Software Technologies Ltd. (CHKP) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,250 shares of the technology company’s stock after selling 50 shares during the quarter. Carret Asset Management LLC’s holdings in Check Point Software Technologies were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its stake in shares of Check Point Software Technologies by 150.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after purchasing an additional 600 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after purchasing an additional 20 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Check Point Software Technologies by 13.9% during the first quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock valued at $173,000 after purchasing an additional 202 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in shares of Check Point Software Technologies by 2.2% during the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after purchasing an additional 39 shares during the last quarter. 67.82% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have recently commented on CHKP shares. Vetr raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price target on the stock in a research note on Monday, June 12th. Northland Securities reissued a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Friday, June 30th. Zacks Investment Research cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $115.00 price target on shares of Check Point Software Technologies in a research note on Tuesday, July 4th. Finally, BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $111.08.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.65% during midday trading on Friday, hitting $116.75. 719,278 shares of the company were exchanged. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 25.90 and a beta of 0.72. The firm’s 50 day moving average price is $111.75 and its 200 day moving average price is $108.84. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $117.11.

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 Thomson Reuters’ 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 period in the prior year, the firm earned $1.09 earnings per share. Analysts forecast that Check Point Software Technologies Ltd. will post $5.18 EPS for the current fiscal year.

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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