Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares fell NaN during trading on Wednesday after Barclays PLC lowered their price target on the stock from $110.00 to $106.00. Barclays PLC currently has an equal weight rating on the stock. Check Point Software Technologies traded as low as $102.25 and last traded at $0.00. 8,439,084 shares were traded during mid-day trading, an increase of Infinity from the average session volume of 0 shares.

CHKP has been the subject of several other research reports. Northland Securities set a $120.00 price objective on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Wednesday. BTIG Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies set a $108.00 price objective on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, OTR Global downgraded shares of Check Point Software Technologies to a “positive” rating in a research note on Tuesday, October 17th. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $113.60.

A number of hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. increased its holdings in Check Point Software Technologies by 26.6% during the third quarter. Prudential Financial Inc. now owns 92,854 shares of the technology company’s stock valued at $10,588,000 after buying an additional 19,516 shares during the period. Polaris Greystone Financial Group LLC boosted its stake in Check Point Software Technologies by 22.8% in the third quarter. Polaris Greystone Financial Group LLC now owns 18,444 shares of the technology company’s stock valued at $2,103,000 after acquiring an additional 3,429 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Check Point Software Technologies by 6.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,799 shares of the technology company’s stock valued at $2,372,000 after acquiring an additional 1,200 shares in the last quarter. BT Investment Management Ltd boosted its stake in Check Point Software Technologies by 8.7% in the third quarter. BT Investment Management Ltd now owns 1,653,543 shares of the technology company’s stock valued at $188,537,000 after acquiring an additional 132,949 shares in the last quarter. Finally, First Merchants Corp boosted its stake in Check Point Software Technologies by 11.3% in the third quarter. First Merchants Corp now owns 13,529 shares of the technology company’s stock valued at $1,543,000 after acquiring an additional 1,372 shares in the last quarter. 68.07% of the stock is currently owned by institutional investors.

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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.

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