7,009 Shares in Check Point Software Technologies Ltd. (CHKP) Purchased by Pitcairn Co.

Pitcairn Co. purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,009 shares of the technology company’s stock, valued at approximately $799,000.

Other large investors have also recently bought and sold shares of the company. BB&T Investment Services Inc. purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $100,000. Acrospire Investment Management LLC grew its holdings in shares of Check Point Software Technologies by 150.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after buying an additional 600 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after buying an additional 20 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $155,000. Hedge funds and other institutional investors own 68.23% of the company’s stock.

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CHKP has been the topic of a number of recent analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $128.00 price target on shares of Check Point Software Technologies in a report on Tuesday, August 15th. Argus reiterated a “buy” rating and set a $124.00 price target (up previously from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 price target (down previously from $117.00) on shares of Check Point Software Technologies in a report on Friday, July 21st. Credit Suisse Group initiated coverage on shares of Check Point Software Technologies in a report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 price target on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $126.00 price target on shares of Check Point Software Technologies in a report on Thursday, October 19th. Twenty equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $113.60.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down $1.12 during mid-day trading on Friday, hitting $102.51. 1,150,782 shares of the stock traded hands, compared to its average volume of 1,614,805. The company has a market cap of $16,937.59, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.67. Check Point Software Technologies Ltd. has a 12-month low of $80.78 and a 12-month high of $119.20.

Check Point Software Technologies Company 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.

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

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