Financial Counselors Inc. Acquires 1,065 Shares of Check Point Software Technologies Ltd. (CHKP)

Financial Counselors Inc. raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 43.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,538 shares of the technology company’s stock after acquiring an additional 1,065 shares during the period. Financial Counselors Inc.’s holdings in Check Point Software Technologies were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at $100,000. Acrospire Investment Management LLC increased its position in shares of Check Point Software Technologies by 150.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after buying an additional 600 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at $145,000. Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at $155,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Check Point Software Technologies by 1.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after buying an additional 20 shares in the last quarter. Institutional investors own 73.93% of the company’s stock.

CHKP has been the subject of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, August 15th. Credit Suisse Group initiated coverage on shares of Check Point Software Technologies in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and issued a $126.00 target price on shares of Check Point Software Technologies in a research note on Thursday, October 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $105.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. Finally, OTR Global lowered shares of Check Point Software Technologies to a “positive” rating in a research note on Tuesday, October 17th. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $113.60.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $103.54 on Thursday. Check Point Software Technologies Ltd. has a one year low of $83.10 and a one year high of $119.20. The stock has a market cap of $16,777.41, a PE ratio of 21.61, a P/E/G ratio of 2.20 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.

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

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