Camden National Bank raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,008 shares of the technology company’s stock after purchasing an additional 1,712 shares during the period. Camden National Bank’s holdings in Check Point Software Technologies were worth $6,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. Vanguard Group Inc. lifted its stake in shares of Check Point Software Technologies by 7.3% during the first quarter. Vanguard Group Inc. now owns 306,857 shares of the technology company’s stock valued at $31,502,000 after buying an additional 20,909 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of Check Point Software Technologies by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock valued at $263,000 after buying an additional 31 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $206,000. Russell Investments Group Ltd. lifted its stake in shares of Check Point Software Technologies by 66.6% during the second quarter. Russell Investments Group Ltd. now owns 193,299 shares of the technology company’s stock valued at $21,092,000 after buying an additional 77,298 shares during the period. Finally, P.A.W. Capital Corp lifted its stake in shares of Check Point Software Technologies by 7.7% during the second quarter. P.A.W. Capital Corp now owns 14,000 shares of the technology company’s stock valued at $1,527,000 after buying an additional 1,000 shares during the period. 68.14% of the stock is currently owned by institutional investors.

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

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down $0.33 during trading on Thursday, hitting $103.62. 867,200 shares of the stock traded hands, compared to its average volume of 1,135,917. Check Point Software Technologies Ltd. has a 52 week low of $80.78 and a 52 week high of $119.20. The firm has a market capitalization of $16,989.89, a price-to-earnings ratio of 21.88, a P/E/G ratio of 2.23 and a beta of 0.67.

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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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