Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 261,306 shares of the technology company’s stock after buying an additional 17,721 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Check Point Software Technologies were worth $30,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC grew its position in shares of Check Point Software Technologies by 1,576.6% during 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 acquiring an additional 1,553,162 shares during the period. BlackRock Inc. grew its position in shares of Check Point Software Technologies by 11.7% during the 1st quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock valued at $736,781,000 after acquiring an additional 612,046 shares during the period. Acadian Asset Management LLC grew its position in shares of Check Point Software Technologies by 26.0% during 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 acquiring an additional 336,148 shares during the period. AJO LP grew its position in shares of Check Point Software Technologies by 368.1% during the 1st quarter. AJO LP now owns 302,442 shares of the technology company’s stock valued at $38,256,000 after acquiring an additional 237,827 shares during the period. Finally, 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 worth $208,773,000 after buying an additional 215,133 shares during the period. Institutional investors and hedge funds own 70.99% of the company’s stock.

Several brokerages recently weighed in on CHKP. Barclays upped their target price on shares of Check Point Software Technologies from $120.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Oppenheimer upped their target price on shares of Check Point Software Technologies from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Evercore ISI set a $105.00 target price on shares of Check Point Software Technologies and gave the stock a “hold” rating in a report on Wednesday, July 24th. Deutsche Bank upped their target price on shares of Check Point Software Technologies from $110.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Finally, OTR Global downgraded shares of Check Point Software Technologies to a “positive” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $124.47.

Shares of CHKP traded up $0.10 during midday trading on Friday, hitting $111.80. 43,389 shares of the company traded hands, compared to its average volume of 1,147,490. The firm has a 50 day simple moving average of $115.25. Check Point Software Technologies Ltd. has a 52 week low of $98.57 and a 52 week high of $132.76. The stock has a market cap of $17.01 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.79.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, beating the 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 business had revenue of $488.10 million during the quarter, compared to the consensus estimate of $487.53 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 5.49 EPS for the current fiscal year.

Check Point Software Technologies 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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