Cambridge Investment Research Advisors Inc. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 212.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,632 shares of the technology company’s stock after purchasing an additional 7,234 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Check Point Software Technologies were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CHKP. Veritas Asset Management LLP bought a new stake in Check Point Software Technologies in the 2nd quarter valued at $482,664,000. BT Investment Management Ltd bought a new stake in Check Point Software Technologies in the 2nd quarter valued at $165,866,000. Koch Industries Inc. boosted its holdings in Check Point Software Technologies by 41,297.0% in the 2nd quarter. Koch Industries Inc. now owns 1,148,354 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 1,145,580 shares during the period. Janus Henderson Group PLC boosted its holdings in Check Point Software Technologies by 336.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock valued at $125,709,000 after purchasing an additional 888,530 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in Check Point Software Technologies by 53.0% in the 3rd quarter. APG Asset Management N.V. now owns 2,548,811 shares of the technology company’s stock valued at $290,615,000 after purchasing an additional 883,300 shares during the period. 68.14% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on CHKP. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price target on shares of Check Point Software Technologies in a report on Friday, November 3rd. UBS AG increased their price objective on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Barclays PLC dropped their price objective on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and issued a $115.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research note 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 an average rating of “Hold” and a consensus price target of $113.60.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $103.95 on Wednesday. The firm has a market cap of $17,250.00, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.21 and a beta of 0.67. Check Point Software Technologies Ltd. has a 1 year low of $80.78 and a 1 year 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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