Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 27.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,627 shares of the technology company’s stock after selling 59,656 shares during the period. Seizert Capital Partners LLC owned about 0.10% of Check Point Software Technologies worth $17,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CHKP. Moors & Cabot Inc. grew its stake in shares of Check Point Software Technologies by 4.4% in the 1st quarter. Moors & Cabot Inc. now owns 2,350 shares of the technology company’s stock valued at $299,000 after purchasing an additional 100 shares during the last quarter. Park Avenue Securities LLC grew its position in Check Point Software Technologies by 4.2% during the second quarter. Park Avenue Securities LLC now owns 2,508 shares of the technology company’s stock valued at $290,000 after acquiring an additional 100 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Check Point Software Technologies by 10.5% during the first quarter. Manchester Capital Management LLC now owns 1,105 shares of the technology company’s stock worth $140,000 after purchasing an additional 105 shares in the last quarter. Pinnacle Bank lifted its stake in shares of Check Point Software Technologies by 69.7% in the second quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock worth $30,000 after acquiring an additional 106 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Check Point Software Technologies by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 9,479 shares of the technology company’s stock worth $1,199,000 after acquiring an additional 115 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors.

NASDAQ:CHKP traded down $2.18 during trading hours on Friday, reaching $106.80. The company had a trading volume of 719,952 shares, compared to its average volume of 956,937. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 2.25 and a beta of 0.79. The business’s 50-day simple moving average is $113.28 and its two-hundred day simple moving average is $117.81. Check Point Software Technologies Ltd. has a twelve month low of $98.57 and a twelve month high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. The business had revenue of $488.10 million during the quarter, compared to analysts’ expectations of $487.53 million. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $1.37 earnings per share. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 5.49 EPS for the current year.

CHKP has been the subject of a number of recent research reports. Northland Securities reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Cowen began coverage on Check Point Software Technologies in a research report on Thursday, May 23rd. They issued a “market perform” rating and a $120.00 price target on the stock. Evercore ISI set a $105.00 target price on shares of Check Point Software Technologies and gave the company a “hold” rating in a research note on Wednesday, July 24th. Robert W. Baird restated a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, July 24th. Finally, OTR Global lowered shares of Check Point Software Technologies to a “positive” rating in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus 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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