Suncoast Equity Management lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,037 shares of the technology company’s stock after selling 717 shares during the quarter. Check Point Software Technologies makes up 3.7% of Suncoast Equity Management’s holdings, making the stock its 12th largest position. Suncoast Equity Management owned about 0.07% of Check Point Software Technologies worth $12,888,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CHKP. Veritas Asset Management LLP purchased a new position in Check Point Software Technologies during the second quarter worth approximately $482,664,000. BT Investment Management Ltd purchased a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $165,866,000. Koch Industries Inc. lifted its position in shares of Check Point Software Technologies by 41,297.0% in the second quarter. Koch Industries Inc. now owns 1,148,354 shares of the technology company’s stock valued at $1,138,000 after acquiring an additional 1,145,580 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Check Point Software Technologies by 336.7% in the second quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock valued at $125,709,000 after acquiring an additional 888,530 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Check Point Software Technologies by 53.0% in the third quarter. APG Asset Management N.V. now owns 2,548,811 shares of the technology company’s stock valued at $290,615,000 after acquiring an additional 883,300 shares in the last quarter. Institutional investors own 68.53% of the company’s stock.

Several research firms have recently weighed in on CHKP. Evercore ISI set a $100.00 target price on Check Point Software Technologies and gave the company a “hold” rating in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, July 26th. Cowen and Company restated a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, July 21st. Citigroup Inc. raised their target price on Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Finally, Northland Securities restated a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research report on Thursday, September 28th. Twenty investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.60.

Shares of Check Point Software Technologies Ltd. (CHKP) traded up $0.29 during midday trading on Tuesday, hitting $102.80. The stock had a trading volume of 2,356,600 shares, compared to its average volume of 1,131,316. Check Point Software Technologies Ltd. has a twelve month low of $80.78 and a twelve month high of $119.20. The firm has a market capitalization of $16,754.53, a PE ratio of 21.58, a PEG ratio of 2.20 and a beta of 0.67.

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Check Point Software Technologies 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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