Synovus Financial Corp grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 53.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,578 shares of the technology company’s stock after purchasing an additional 4,369 shares during the period. Synovus Financial Corp’s holdings in Check Point Software Technologies were worth $1,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Harding Loevner LP increased its holdings in Check Point Software Technologies by 3,559.4% during the 3rd quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock worth $495,041,000 after acquiring an additional 208,440,017 shares during the period. Schroder Investment Management Group increased its holdings in Check Point Software Technologies by 4.2% during the 3rd quarter. Schroder Investment Management Group now owns 5,513,142 shares of the technology company’s stock worth $619,512,000 after acquiring an additional 220,009 shares during the period. Veritas Asset Management LLP bought a new stake in Check Point Software Technologies during the 2nd quarter worth approximately $482,664,000. FMR LLC increased its holdings in Check Point Software Technologies by 13.5% during the 2nd quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock worth $384,916,000 after acquiring an additional 420,853 shares during the period. Finally, FIL Ltd increased its holdings in Check Point Software Technologies by 1.5% during the 2nd quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock worth $317,632,000 after acquiring an additional 43,674 shares during the period. 73.93% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on CHKP shares. Barclays decreased their target price on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and set a $115.00 target price on shares of Check Point Software Technologies in a report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Friday, October 27th. Piper Jaffray Companies set a $108.00 target price on shares of Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $105.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 18th. Twenty analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price 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 12 month low of $83.10 and a 12 month high of $119.20. The stock has a market cap of $16,777.41, a price-to-earnings ratio of 21.61, a PEG ratio of 2.20 and a beta of 0.62.

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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.

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

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