BerganKDV Wealth Management LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 3.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,899 shares of the technology company's stock after selling 184 shares during the quarter. BerganKDV Wealth Management LLC's holdings in Check Point Software Technologies were worth $597,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. Gateway Investment Advisers LLC raised its stake in shares of Check Point Software Technologies by 1.4% during the second quarter. Gateway Investment Advisers LLC now owns 15,640 shares of the technology company's stock worth $1,905,000 after acquiring an additional 212 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Check Point Software Technologies by 22.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,282 shares of the technology company's stock worth $1,252,000 after acquiring an additional 1,872 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Check Point Software Technologies by 0.5% during the second quarter. AustralianSuper Pty Ltd now owns 435,372 shares of the technology company's stock worth $53,020,000 after acquiring an additional 2,353 shares in the last quarter. Diversified Trust Co increased its stake in shares of Check Point Software Technologies by 122.1% in the second quarter. Diversified Trust Co now owns 14,717 shares of the technology company's stock worth $1,792,000 after buying an additional 8,091 shares during the period. Finally, Ardevora Asset Management LLP increased its stake in shares of Check Point Software Technologies by 40.4% in the second quarter. Ardevora Asset Management LLP now owns 534,034 shares of the technology company's stock worth $65,035,000 after buying an additional 153,793 shares during the period. 67.03% of the stock is owned by hedge funds and other institutional investors.
Get Check Point Software Technologies alerts:Check Point Software Technologies Trading Down 1.3 %
Shares of CHKP stock opened at $114.57 on Thursday. Check Point Software Technologies Ltd. has a 12 month low of $107.85 and a 12 month high of $149.62. The stock has a market cap of $14.37 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.61. The company's fifty day moving average price is $121.63 and its 200-day moving average price is $127.17.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last announced its earnings results on Monday, August 1st. The technology company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.02. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The firm had revenue of $571.10 million for the quarter, compared to analysts' expectations of $560.40 million. During the same quarter in the previous year, the business posted $1.41 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 6.29 earnings per share for the current fiscal year.Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Piper Sandler decreased their target price on shares of Check Point Software Technologies from $130.00 to $120.00 in a research note on Wednesday, July 13th. Barclays decreased their target price on shares of Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 2nd. BMO Capital Markets decreased their target price on shares of Check Point Software Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 2nd. Finally, Bank of America raised shares of Check Point Software Technologies from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $130.00 to $140.00 in a research note on Wednesday, July 20th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $139.06.
Check Point Software Technologies Company Profile
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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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
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