Jennison Associates LLC reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 872,611 shares of the technology company’s stock after selling 69,312 shares during the period. Jennison Associates LLC owned about 0.53% of Check Point Software Technologies worth $99,495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harding Loevner LP grew its stake in shares of Check Point Software Technologies by 5.2% in the second quarter. Harding Loevner LP now owns 5,856,093 shares of the technology company’s stock worth $638,783,000 after purchasing an additional 290,232 shares in the last quarter. Veritas Asset Management LLP bought a new position in shares of Check Point Software Technologies in the second quarter worth $482,664,000. FMR LLC grew its stake in shares of Check Point Software Technologies by 13.5% in the second quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock worth $384,916,000 after purchasing an additional 420,853 shares in the last quarter. FIL Ltd grew its stake in shares of Check Point Software Technologies by 1.5% in the second quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock worth $317,632,000 after purchasing an additional 43,674 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Check Point Software Technologies by 3.8% in the second quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock worth $289,870,000 after purchasing an additional 96,571 shares in the last quarter. 68.23% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down $1.12 during midday trading on Friday, hitting $102.51. The stock had a trading volume of 1,160,200 shares, compared to its average volume of 1,614,805. The firm has a market cap of $16,754.54, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. Check Point Software Technologies Ltd. has a fifty-two week low of $80.78 and a fifty-two week high of $119.20.

Several research firms have recently issued reports on CHKP. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price target on shares of Check Point Software Technologies in a research note on Friday, November 3rd. UBS AG increased their price target on Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Barclays PLC decreased their price target on Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and set a $115.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.60.

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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