Private Advisor Group LLC Grows Stake in Check Point Software Technologies Ltd. (CHKP)

Private Advisor Group LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,717 shares of the technology company’s stock after acquiring an additional 2,133 shares during the quarter. Private Advisor Group LLC’s holdings in Check Point Software Technologies were worth $1,476,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Check Point Software Technologies by 1.4% in the second 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 period. Baldwin Investment Management LLC increased its stake in shares of Check Point Software Technologies by 0.7% in the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after acquiring an additional 34 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Check Point Software Technologies by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock worth $580,000 after acquiring an additional 41 shares during the period. Raymond James Trust N.A. increased its stake in shares of Check Point Software Technologies by 0.9% in the second quarter. Raymond James Trust N.A. now owns 5,023 shares of the technology company’s stock worth $548,000 after acquiring an additional 47 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in shares of Check Point Software Technologies by 0.3% in the second quarter. Stephens Investment Management Group LLC now owns 22,872 shares of the technology company’s stock worth $2,495,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Several analysts recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $128.00 price target on shares of Check Point Software Technologies in a research report on Tuesday, August 15th. Credit Suisse Group assumed coverage on shares of Check Point Software Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 price target on the stock. Jefferies Group restated a “buy” rating and set a $126.00 price target on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Royal Bank Of Canada restated a “hold” rating and set a $105.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 18th. Finally, OTR Global lowered shares of Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Twenty equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $113.60.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $103.53 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $84.00 and a 52-week high of $119.20. The stock has a market cap of $16,900.00, a PE ratio of 21.81, a PEG ratio of 2.22 and a beta of 0.62.

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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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