Todd Asset Management LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 48.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,386 shares of the technology company’s stock after buying an additional 64,832 shares during the period. Todd Asset Management LLC owned 0.12% of Check Point Software Technologies worth $22,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHKP. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $100,000. Acrospire Investment Management LLC raised its holdings in shares of Check Point Software Technologies by 150.0% during the second 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 during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Check Point Software Technologies by 1.4% during the second 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 during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $155,000. 68.53% of the stock is currently owned by institutional investors.

CHKP has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 price objective (down previously from $117.00) on shares of Check Point Software Technologies in a research note on Friday, July 21st. Piper Jaffray Companies lowered shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $116.00 to $108.00 in a research note on Friday, July 21st. Citigroup Inc. raised their price objective on shares of Check Point Software Technologies from $111.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Cowen and Company reiterated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a research note on Friday, July 21st. Finally, Barclays PLC reiterated a “hold” rating and set a $110.00 price objective on shares of Check Point Software Technologies in a research note on Sunday, July 23rd. Twenty investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $113.60.

TRADEMARK VIOLATION WARNING: “Check Point Software Technologies Ltd. (CHKP) Stake Raised by Todd Asset Management LLC” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://theolympiareport.com/2017/11/14/check-point-software-technologies-ltd-chkp-stake-raised-by-todd-asset-management-llc.html.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up $0.29 during midday trading on Tuesday, reaching $102.80. 2,356,600 shares of the company’s stock traded hands, compared to its average volume of 1,131,316. Check Point Software Technologies Ltd. has a 12-month low of $80.78 and a 12-month high of $119.20. The stock has a market cap of $16,754.53, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67.

About Check Point Software Technologies

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)

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