Prudential Financial Inc. boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,854 shares of the technology company’s stock after purchasing an additional 19,516 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Check Point Software Technologies worth $10,588,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AXA boosted its holdings in Check Point Software Technologies by 20.6% in the second quarter. AXA now owns 187,805 shares of the technology company’s stock worth $20,486,000 after purchasing an additional 32,118 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Check Point Software Technologies by 7.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock worth $9,725,000 after purchasing an additional 5,914 shares during the period. JPMorgan Chase & Co. boosted its holdings in Check Point Software Technologies by 693.4% in the second quarter. JPMorgan Chase & Co. now owns 467,485 shares of the technology company’s stock worth $50,993,000 after purchasing an additional 408,560 shares during the period. Martin Investment Management LLC boosted its holdings in Check Point Software Technologies by 17.0% in the second quarter. Martin Investment Management LLC now owns 118,581 shares of the technology company’s stock worth $12,935,000 after purchasing an additional 17,204 shares during the period. Finally, Pictet & Cie Europe SA boosted its holdings in Check Point Software Technologies by 6.2% in the second quarter. Pictet & Cie Europe SA now owns 17,163 shares of the technology company’s stock worth $1,872,000 after purchasing an additional 1,000 shares during the period. 68.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $103.62 on Thursday. Check Point Software Technologies Ltd. has a one year low of $80.78 and a one year high of $119.20. The firm has a market cap of $16,989.89, a PE ratio of 21.88, a P/E/G ratio of 2.23 and a beta of 0.67.

A number of equities analysts have commented on CHKP shares. Cowen and Company reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, September 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Monday, October 2nd. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a report on Thursday, October 19th. Finally, Stephens downgraded shares of Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a report 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. The company has a consensus rating of “Hold” and a consensus target price of $113.60.

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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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