Westport Asset Management Inc. Holds Stake in Check Point Software Technologies Ltd. (CHKP)

Westport Asset Management Inc. maintained its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, Holdings Channel reports. The fund owned 14,300 shares of the technology company’s stock at the end of the second quarter. Check Point Software Technologies makes up 1.3% of Westport Asset Management Inc.’s holdings, making the stock its 21st largest position. Westport Asset Management Inc.’s holdings in Check Point Software Technologies were worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Highstreet Asset Management Inc. purchased a new position in Check Point Software Technologies during the second quarter worth approximately $334,000. Camden National Bank increased its position in Check Point Software Technologies by 3.3% in the second quarter. Camden National Bank now owns 55,296 shares of the technology company’s stock worth $6,031,000 after buying an additional 1,743 shares in the last quarter. Legal & General Group Plc increased its position in Check Point Software Technologies by 8.1% in the second quarter. Legal & General Group Plc now owns 564,884 shares of the technology company’s stock worth $61,618,000 after buying an additional 42,352 shares in the last quarter. Rhumbline Advisers increased its position in Check Point Software Technologies by 38.4% in the second quarter. Rhumbline Advisers now owns 21,474 shares of the technology company’s stock worth $2,342,000 after buying an additional 5,960 shares in the last quarter. Finally, Summit Securities Group LLC increased its position in Check Point Software Technologies by 194.3% in the second quarter. Summit Securities Group LLC now owns 11,565 shares of the technology company’s stock worth $1,262,000 after buying an additional 7,636 shares in the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.

Check Point Software Technologies Ltd. (CHKP) opened at 106.82 on Friday. The company has a market capitalization of $17.45 billion, a PE ratio of 23.70 and a beta of 0.72. The company has a 50-day moving average price of $108.90 and a 200 day moving average price of $105.89. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $116.63.

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

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A number of research firms recently commented on CHKP. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Tuesday. Evercore ISI set a $100.00 price target on Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, August 11th. Argus reiterated a “buy” rating and set a $124.00 price target (up previously from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Barclays PLC reiterated a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a report on Sunday, July 23rd. Eighteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target 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.

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

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