Kelly Lawrence W & Associates Inc. CA Acquires 3,900 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kelly Lawrence W & Associates Inc. CA increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,045 shares of the technology company’s stock after buying an additional 3,900 shares during the period. Check Point Software Technologies comprises 2.5% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 19th largest position. Kelly Lawrence W & Associates Inc. CA owned approximately 0.07% of Check Point Software Technologies worth $12,876,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. bought a new stake in Check Point Software Technologies during the first quarter worth approximately $19,960,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $2,065,000. Howard Capital Management raised its stake in shares of Check Point Software Technologies by 1.6% in the first quarter. Howard Capital Management now owns 151,265 shares of the technology company’s stock valued at $15,529,000 after buying an additional 2,365 shares during the last quarter. Azimuth Capital Management LLC raised its stake in shares of Check Point Software Technologies by 28.1% in the first quarter. Azimuth Capital Management LLC now owns 56,956 shares of the technology company’s stock valued at $5,847,000 after buying an additional 12,495 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Check Point Software Technologies by 3.0% in the second quarter. Aperio Group LLC now owns 191,914 shares of the technology company’s stock valued at $20,934,000 after buying an additional 5,590 shares during the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.44% during mid-day trading on Friday, hitting $107.29. The company had a trading volume of 622,180 shares. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The stock has a 50 day moving average price of $108.84 and a 200-day moving average price of $105.95. The stock has a market capitalization of $17.52 billion, a PE ratio of 23.81 and a beta of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $454.62 million. During the same quarter in the previous year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts forecast that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

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Several equities research analysts recently commented on the company. Barclays PLC upgraded Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $95.00 to $112.00 in a research report on Friday, April 28th. Vetr downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price target on the stock. in a research note on Thursday, May 25th. BidaskClub raised Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $117.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 27th. Eighteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $109.47.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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

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