Wasatch Advisors Inc. boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,892 shares of the technology company’s stock after purchasing an additional 1,000 shares during the period. Wasatch Advisors Inc.’s holdings in Check Point Software Technologies were worth $1,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Harding Loevner LP raised its stake in Check Point Software Technologies by 5.2% during 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 during the period. Veritas Asset Management LLP purchased a new position in Check Point Software Technologies during the second quarter worth about $482,664,000. FMR LLC raised its stake in Check Point Software Technologies by 13.5% during 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 during the period. FIL Ltd raised its stake in Check Point Software Technologies by 1.5% during 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 during the period. Finally, William Blair Investment Management LLC raised its stake in Check Point Software Technologies by 3.8% during 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 during the period. 68.14% of the stock is currently owned by institutional investors.

CHKP has been the topic of a number of analyst reports. Barclays PLC reduced their target price on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and issued a $115.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, October 27th. Piper Jaffray Companies set a $108.00 price target on shares of Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $105.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $113.60.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $104.02 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $80.78 and a 52 week high of $119.20. The firm has a market cap of $16,935.95, a P/E ratio of 21.82, a P/E/G ratio of 2.22 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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