Reilly Financial Advisors LLC lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 91.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,026 shares of the technology company’s stock after selling 87,844 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Check Point Software Technologies were worth $928,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Weatherstone Capital Management boosted its holdings in shares of Check Point Software Technologies by 3.2% during the 1st quarter. Weatherstone Capital Management now owns 2,874 shares of the technology company’s stock valued at $364,000 after acquiring an additional 88 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in shares of Check Point Software Technologies by 0.3% during the 1st quarter. Eqis Capital Management Inc. now owns 38,869 shares of the technology company’s stock valued at $4,917,000 after acquiring an additional 99 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Check Point Software Technologies by 4.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,350 shares of the technology company’s stock valued at $299,000 after acquiring an additional 100 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Check Point Software Technologies by 10.5% during the 1st quarter. Manchester Capital Management LLC now owns 1,105 shares of the technology company’s stock valued at $140,000 after acquiring an additional 105 shares in the last quarter. Finally, Pinnacle Bank boosted its holdings in shares of Check Point Software Technologies by 69.7% during the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after acquiring an additional 106 shares in the last quarter. 71.03% of the stock is currently owned by hedge funds and other institutional investors.

CHKP traded down $0.86 during midday trading on Monday, hitting $111.63. 849,118 shares of the company were exchanged, compared to its average volume of 922,162. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.31 and a beta of 0.78. Check Point Software Technologies Ltd. has a 1-year low of $98.57 and a 1-year high of $132.76. The business has a 50 day moving average price of $115.74.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Check Point Software Technologies had a return on equity of 22.05% and a net margin of 40.99%. The firm had revenue of $488.10 million for the quarter, compared to the consensus estimate of $487.53 million. During the same period in the previous year, the business earned $1.37 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Check Point Software Technologies Ltd. will post 5.52 EPS for the current fiscal year.

Several equities research analysts recently weighed in on CHKP shares. BidaskClub downgraded Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Robert W. Baird started coverage on Sharps Compliance in a report on Wednesday, July 24th. They set a “buy” rating and a $4.50 price objective on the stock. OTR Global downgraded Check Point Software Technologies to a “positive” rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets set a $44.00 target price on Schlumberger and gave the stock a “hold” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $124.47.

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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