Royce & Associates LP Has $2.63 Million Holdings in Check Point Software Technologies Ltd. (CHKP)

Royce & Associates LP lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,090 shares of the technology company’s stock after selling 2,145 shares during the quarter. Royce & Associates LP’s holdings in Check Point Software Technologies were worth $2,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHKP. BB&T Investment Services Inc. purchased a new position in Check Point Software Technologies during the 2nd quarter valued at $100,000. Acrospire Investment Management LLC boosted its holdings in 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 valued at $109,000 after acquiring an additional 600 shares during the period. Fiduciary Trust Co. bought a new stake in Check Point Software Technologies during the 2nd quarter valued at $145,000. Tower Research Capital LLC TRC bought a new stake in Check Point Software Technologies during the 2nd quarter valued at $155,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Check Point Software Technologies by 1.4% during 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 purchasing an additional 20 shares in the last quarter. 71.73% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down $0.20 during trading hours on Thursday, hitting $102.94. The company had a trading volume of 862,085 shares, compared to its average volume of 1,100,000. Check Point Software Technologies Ltd. has a 12-month low of $87.70 and a 12-month high of $119.20. The firm has a market capitalization of $16,820.00, a PE ratio of 22.00, a PEG ratio of 2.03 and a beta of 0.62.

Several research firms have recently commented on CHKP. OTR Global lowered Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Jefferies Group reissued a “buy” rating and issued a $126.00 price target on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Royal Bank of Canada reduced their price target on Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 1st. Stephens lowered Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research report on Wednesday, November 1st. Finally, Cowen lowered Check Point Software Technologies from an “outperform” rating to a “market perform” rating and set a $112.00 target price on the stock. in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $113.60.

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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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