Schwab Charles Investment Management Inc. trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,427 shares of the technology company’s stock after selling 1,979 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Check Point Software Technologies were worth $6,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CHKP. BB&T Investment Services Inc. purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $100,000. Acrospire Investment Management LLC raised 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 in the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $145,000. Tower Research Capital LLC TRC purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $155,000. Finally, Archford Capital Strategies LLC raised its holdings in shares of Check Point Software Technologies by 22,512.5% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after acquiring an additional 1,801 shares in the last quarter. 71.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $103.42 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $85.61 and a 52 week high of $119.20. The firm has a market capitalization of $16,550.00, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.08 and a beta of 0.62.

Several analysts recently weighed in on CHKP shares. Northland Securities set a $120.00 price target on Check Point Software Technologies and gave the company a “hold” rating in a report on Wednesday, November 1st. BTIG Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $100.00 price target on shares of Check Point Software Technologies in a report on Friday, November 3rd. Piper Jaffray Companies set a $108.00 price target on Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, October 6th. Finally, UBS Group increased their price target on Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $113.60.

ILLEGAL ACTIVITY WARNING: This piece was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/01/07/schwab-charles-investment-management-inc-sells-1979-shares-of-check-point-software-technologies-ltd-chkp.html.

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.