Check Point Software Technologies Ltd. (CHKP) Holdings Decreased by Motco

Motco decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,318 shares of the technology company’s stock after selling 1,150 shares during the quarter. Motco’s holdings in Check Point Software Technologies were worth $5,395,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CHKP. BB&T Investment Services Inc. acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $100,000. Acrospire Investment Management LLC increased its holdings in shares of Check Point Software Technologies by 150.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after acquiring an additional 600 shares during the last quarter. Fiduciary Trust Co. acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Check Point Software Technologies by 1.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after acquiring an additional 20 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $155,000. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on CHKP shares. Cowen and Company reissued a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a report on Friday, July 21st. Argus reissued a “buy” rating and set a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. BidaskClub lowered Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $128.00 target price on shares of Check Point Software Technologies in a report on Monday, October 2nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $126.00 price target on shares of Check Point Software Technologies in a research note on Thursday, October 19th. Twenty investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $113.60.

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Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up $0.65 during mid-day trading on Thursday, hitting $103.05. The company had a trading volume of 1,304,800 shares, compared to its average volume of 1,137,629. Check Point Software Technologies Ltd. has a twelve month low of $80.78 and a twelve month high of $119.20. The company has a market cap of $17,100.00, a P/E ratio of 21.56, a P/E/G ratio of 2.20 and a beta of 0.67.

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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