Macquarie Group Ltd. raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 30.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the technology company’s stock after purchasing an additional 2,200 shares during the period. Macquarie Group Ltd.’s holdings in Check Point Software Technologies were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the company. Veritas Asset Management LLP bought a new position in Check Point Software Technologies in the second quarter worth approximately $482,664,000. BT Investment Management Ltd bought a new stake in Check Point Software Technologies during the 2nd quarter valued at $165,866,000. Koch Industries Inc. boosted its position in Check Point Software Technologies by 41,297.0% during the 2nd 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 boosted its position in Check Point Software Technologies by 336.7% during the 2nd 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. boosted its position in Check Point Software Technologies by 53.0% during the 3rd 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. Hedge funds and other institutional investors own 73.93% of the company’s stock.

A number of analysts have recently weighed in on CHKP shares. Cowen reissued a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a research report on Friday, September 8th. Credit Suisse Group started coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price objective for the company. BTIG Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $100.00 target price on shares of Check Point Software Technologies in a research note on Friday, November 3rd. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.60.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $104.78 on Friday. The firm has a market capitalization of $16,921.24, a P/E ratio of 21.80, a PEG ratio of 2.22 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $84.00 and a twelve month 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.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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