Rhumbline Advisers Increases Holdings in Check Point Software Technologies Ltd. (CHKP)

Rhumbline Advisers grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 30.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,995 shares of the technology company’s stock after acquiring an additional 6,521 shares during the quarter. Rhumbline Advisers’ holdings in Check Point Software Technologies were worth $3,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CHKP. Veritas Asset Management LLP bought a new stake in shares of Check Point Software Technologies in the 2nd quarter worth approximately $482,664,000. BT Investment Management Ltd bought a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $165,866,000. Koch Industries Inc. lifted its position in shares of Check Point Software Technologies by 41,297.0% during the 2nd quarter. Koch Industries Inc. now owns 1,148,354 shares of the technology company’s stock worth $1,138,000 after buying an additional 1,145,580 shares during the period. Janus Henderson Group PLC lifted its position in shares of Check Point Software Technologies by 336.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock worth $125,709,000 after buying an additional 888,530 shares during the period. Finally, APG Asset Management N.V. lifted its position in shares of Check Point Software Technologies by 53.0% during the 3rd quarter. APG Asset Management N.V. now owns 2,548,811 shares of the technology company’s stock worth $290,615,000 after buying an additional 883,300 shares during the period. Institutional investors own 73.93% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $104.78 on Friday. The company has a market capitalization of $16,922.88, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.22 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $84.00 and a 52 week high of $119.20.

Several equities analysts recently commented on CHKP shares. Cowen restated a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, September 8th. Credit Suisse Group started coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 target price for the company. BTIG Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Jefferies Group reaffirmed a “buy” rating and set a $126.00 price target on shares of Check Point Software Technologies in a report on Thursday, October 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 price target on shares of Check Point Software Technologies in a report on Friday, November 3rd. Twenty investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $113.60.

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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.

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

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