Cubist Systematic Strategies LLC grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,253 shares of the technology company’s stock after purchasing an additional 1,786 shares during the period. Cubist Systematic Strategies LLC’s holdings in Check Point Software Technologies were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Harding Loevner LP raised its holdings in shares of Check Point Software Technologies by 3,559.4% during the third 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 raised its holdings in shares of Check Point Software Technologies by 4.2% during the third 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 acquired a new stake in shares of Check Point Software Technologies during the second quarter worth $482,664,000. FMR LLC raised its holdings in shares of Check Point Software Technologies by 13.5% during the second 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 stake in Check Point Software Technologies by 1.5% in the 2nd quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock valued at $317,632,000 after buying an additional 43,674 shares during the last quarter. Institutional investors own 71.73% of the company’s stock.

Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. JPMorgan Chase & Co. lowered shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 price target on the stock. in a research note on Tuesday, December 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price target on shares of Check Point Software Technologies in a research note on Friday, November 3rd. UBS Group lifted their price target on shares of Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Barclays lowered their price target on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 1st. Twenty-one research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $113.60.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $102.70 on Wednesday. Check Point Software Technologies Ltd. has a 12-month low of $84.00 and a 12-month high of $119.20. The company has a market cap of $16,658.10, a PE ratio of 21.99, a PEG ratio of 2.19 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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