Keybank National Association OH Has $3.06 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Keybank National Association OH cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,447 shares of the technology company’s stock after selling 453 shares during the quarter. Keybank National Association OH’s holdings in Check Point Software Technologies were worth $3,058,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pinnacle Bank lifted its holdings in shares of Check Point Software Technologies by 69.7% during the second quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock worth $30,000 after buying an additional 106 shares during the last quarter. NuWave Investment Management LLC increased its position in shares of Check Point Software Technologies by 64.5% during the second quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock valued at $36,000 after purchasing an additional 120 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $39,000. First Personal Financial Services increased its position in shares of Check Point Software Technologies by 64.8% during the first quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock valued at $47,000 after purchasing an additional 147 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $63,000. Institutional investors own 71.08% of the company’s stock.

Shares of CHKP stock traded up $1.02 during trading hours on Friday, hitting $108.66. 9,398 shares of the company’s stock were exchanged, compared to its average volume of 1,104,300. The stock’s 50-day moving average is $114.66 and its 200-day moving average is $118.08. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. Check Point Software Technologies Ltd. has a 52 week low of $98.57 and a 52 week high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $488.10 million for the quarter, compared to analyst estimates of $487.53 million. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current year.

CHKP has been the topic of a number of research reports. Robert W. Baird restated a “hold” rating and set a $120.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, July 24th. Northland Securities restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. ValuEngine cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. OTR Global cut Check Point Software Technologies to a “positive” rating in a research report on Tuesday, July 16th. Finally, Zacks Investment Research cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target 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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