Dempze Nancy E Lowers Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Dempze Nancy E lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,200 shares of the technology company’s stock after selling 200 shares during the quarter. Dempze Nancy E’s holdings in Check Point Software Technologies were worth $254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Check Point Software Technologies by 11.7% in the 1st quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock valued at $736,781,000 after purchasing an additional 612,046 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Check Point Software Technologies by 1,576.6% in the 1st quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock valued at $208,921,000 after purchasing an additional 1,553,162 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Check Point Software Technologies by 15.0% in the 1st quarter. Nordea Investment Management AB now owns 1,650,535 shares of the technology company’s stock valued at $208,773,000 after purchasing an additional 215,133 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Check Point Software Technologies by 26.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,630,815 shares of the technology company’s stock valued at $206,281,000 after purchasing an additional 336,148 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Check Point Software Technologies by 2.8% in the 1st quarter. Northern Trust Corp now owns 1,567,116 shares of the technology company’s stock valued at $198,223,000 after purchasing an additional 43,044 shares in the last quarter. 71.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CHKP stock traded up $0.95 during midday trading on Friday, reaching $111.74. 1,093,145 shares of the company traded hands, compared to its average volume of 1,054,804. The business’s 50 day moving average price is $115.61. Check Point Software Technologies Ltd. has a 1-year low of $98.57 and a 1-year high of $132.76. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.28 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.14. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The company had revenue of $488.10 million during the quarter, compared to the consensus estimate of $487.53 million. During the same period last year, the firm earned $1.37 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts anticipate that Check Point Software Technologies Ltd. will post 5.5 earnings per share for the current fiscal year.

A number of brokerages have weighed in on CHKP. ValuEngine lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. OTR Global lowered Check Point Software Technologies to a “positive” rating in a report on Tuesday, July 16th. Robert W. Baird reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, July 24th. Barclays lifted their price objective on Check Point Software Technologies from $120.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Finally, Cowen assumed coverage on Check Point Software Technologies in a report on Thursday, May 23rd. They issued a “market perform” rating and a $120.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $124.47.

About Check Point Software Technologies

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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