Macquarie Group Ltd. Sells 5,073 Shares of Check Point Software Technologies Ltd. (CHKP)

Macquarie Group Ltd. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.4% in the 2nd quarter, Holdings Channel reports. The firm owned 43,627 shares of the technology company’s stock after selling 5,073 shares during the period. Macquarie Group Ltd.’s holdings in Check Point Software Technologies were worth $4,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Sterling Capital Management LLC raised its stake in Check Point Software Technologies by 3.5% in the 2nd quarter. Sterling Capital Management LLC now owns 559,815 shares of the technology company’s stock valued at $54,683,000 after purchasing an additional 19,167 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Check Point Software Technologies by 6.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,415 shares of the technology company’s stock valued at $1,506,000 after acquiring an additional 912 shares during the last quarter. Fort L.P. acquired a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $120,000. Raymond James & Associates increased its stake in shares of Check Point Software Technologies by 0.4% during the 2nd quarter. Raymond James & Associates now owns 189,367 shares of the technology company’s stock valued at $18,497,000 after acquiring an additional 711 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Check Point Software Technologies by 30.3% during the 2nd quarter. BB&T Securities LLC now owns 79,862 shares of the technology company’s stock valued at $7,800,000 after acquiring an additional 18,582 shares during the last quarter. 66.72% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on CHKP shares. Zacks Investment Research raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Monday, July 23rd. BTIG Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Morgan Stanley upped their price objective on shares of Check Point Software Technologies from $102.00 to $116.00 and gave the company an “equal weight” rating in a research note on Thursday, July 26th. Finally, ValuEngine raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Twenty-one research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $114.48.

CHKP opened at $118.46 on Thursday. The company has a market cap of $19.31 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.35 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $93.76 and a 1 year high of $120.81.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 25th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.18. The firm had revenue of $467.80 million during the quarter, compared to the consensus estimate of $461.32 million. Check Point Software Technologies had a net margin of 43.43% and a return on equity of 22.98%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. analysts expect that Check Point Software Technologies Ltd. will post 5.19 earnings per share for the current year.

Check Point Software Technologies Company Profile

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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