Advisors Asset Management Inc. decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 29.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,209 shares of the technology company’s stock after selling 4,631 shares during the period. Advisors Asset Management Inc.’s holdings in Check Point Software Technologies were worth $1,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $100,000. Acrospire Investment Management LLC increased its position in shares of Check Point Software Technologies by 150.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after acquiring an additional 600 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after acquiring an additional 20 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $155,000.

Several brokerages recently weighed in on CHKP. OTR Global downgraded shares of Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Jefferies Group reissued a “buy” rating and set a $126.00 price target on shares of Check Point Software Technologies in a research report on Thursday, October 19th. BTIG Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Northland Securities set a $120.00 price target on shares of Check Point Software Technologies and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, Cowen downgraded shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating and set a $112.00 price target for the company. in a research report on Wednesday, November 1st. Twenty investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $113.60.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $102.06 on Thursday. The firm has a market cap of $17,034.02, a price-to-earnings ratio of 21.94, a PEG ratio of 2.24 and a beta of 0.67. Check Point Software Technologies Ltd. has a one year low of $80.78 and a one year high of $119.20.

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About Check Point Software Technologies

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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