Magnetar Financial LLC Reduces Position in Check Point Software Technologies Ltd. (CHKP)

Magnetar Financial LLC cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 83.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,280 shares of the technology company’s stock after selling 27,088 shares during the period. Magnetar Financial LLC’s holdings in Check Point Software Technologies were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHKP. Vanguard Group Inc. lifted its stake in shares of Check Point Software Technologies by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 306,857 shares of the technology company’s stock valued at $31,502,000 after purchasing an additional 20,909 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Check Point Software Technologies by 21.6% in the 2nd quarter. IFP Advisors Inc now owns 1,840 shares of the technology company’s stock valued at $201,000 after purchasing an additional 327 shares during the last quarter. Global X Management Co. LLC lifted its stake in shares of Check Point Software Technologies by 46.6% in the 2nd quarter. Global X Management Co. LLC now owns 3,778 shares of the technology company’s stock valued at $412,000 after purchasing an additional 1,201 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Check Point Software Technologies by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,406 shares of the technology company’s stock valued at $6,371,000 after purchasing an additional 4,607 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Check Point Software Technologies by 1.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,599 shares of the technology company’s stock valued at $2,138,000 after purchasing an additional 199 shares during the last quarter. 73.93% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the company. OTR Global lowered Check Point Software Technologies to a “positive” rating in a research note on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and issued a $126.00 price target on shares of Check Point Software Technologies in a report on Thursday, October 19th. BTIG Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. Northland Securities set a $120.00 price target on Check Point Software Technologies and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, Cowen downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating and set a $112.00 price target on the stock. in a report on Wednesday, November 1st. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.60.

Check Point Software Technologies Ltd. (CHKP) opened at $105.43 on Wednesday. The company has a market capitalization of $17,125.55, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $84.00 and a fifty-two week high of $119.20.

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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.

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

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