Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,300 shares of the technology company’s stock after purchasing an additional 32,300 shares during the quarter. Virginia Retirement Systems ET AL owned 0.15% of Check Point Software Technologies worth $24,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parisi Gray Wealth Management acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $25,000. Harbor Investment Advisory LLC acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $28,000. Arkadios Wealth Advisors grew its stake in Check Point Software Technologies by 178.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 276 shares of the technology company’s stock valued at $32,000 after acquiring an additional 177 shares during the period. Albion Financial Group UT acquired a new stake in Check Point Software Technologies in the 2nd quarter valued at $43,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in Check Point Software Technologies in the 1st quarter valued at $47,000. 66.37% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on CHKP. Morgan Stanley lifted their price target on shares of Check Point Software Technologies from $110.00 to $114.00 and gave the company an “underweight” rating in a research note on Tuesday, July 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Check Point Software Technologies from $125.00 to $122.00 and set a “hold” rating on the stock in a research note on Monday, July 12th. OTR Global raised shares of Check Point Software Technologies from a “mixed” rating to a “positive” rating in a research note on Friday, July 9th. Wells Fargo & Company began coverage on shares of Check Point Software Technologies in a research note on Monday, October 4th. They issued an “underweight” rating and a $110.00 price target on the stock. Finally, BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.54.

Shares of NASDAQ CHKP traded up $2.21 during trading on Thursday, hitting $123.17. 2,883 shares of the company were exchanged, compared to its average volume of 1,099,598. Check Point Software Technologies Ltd. has a 12-month low of $109.07 and a 12-month high of $139.26. The company has a fifty day moving average price of $120.54 and a 200-day moving average price of $119.52. The firm has a market capitalization of $16.89 billion, a PE ratio of 19.89, a P/E/G ratio of 2.73 and a beta of 0.65.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Sunday, July 25th. The technology company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.56 by $0.05. Check Point Software Technologies had a return on equity of 25.58% and a net margin of 39.90%. The business had revenue of $526.10 million for the quarter, compared to analyst estimates of $523.96 million. During the same quarter in the previous year, the firm earned $1.58 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 6.04 EPS for the current year.

About Check Point Software Technologies

Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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