Check Point Software Technologies Ltd. (CHKP) Position Reduced by Advisor Group Inc.

Advisor Group Inc. cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,891 shares of the technology company’s stock after selling 3,024 shares during the period. Advisor Group Inc.’s holdings in Check Point Software Technologies were worth $1,584,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Harding Loevner LP boosted its stake in Check Point Software Technologies by 5.2% in the 2nd quarter. Harding Loevner LP now owns 5,856,093 shares of the technology company’s stock worth $638,783,000 after purchasing an additional 290,232 shares in the last quarter. Veritas Asset Management LLP acquired a new stake in Check Point Software Technologies in the 2nd quarter worth approximately $482,664,000. FMR LLC boosted its stake in Check Point Software Technologies by 13.5% in the 2nd quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock worth $384,916,000 after purchasing an additional 420,853 shares in the last quarter. FIL Ltd boosted 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 worth $317,632,000 after purchasing an additional 43,674 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Check Point Software Technologies by 3.8% in the 2nd quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock worth $289,870,000 after purchasing an additional 96,571 shares in the last quarter. Institutional investors own 68.53% of the company’s stock.

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Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $102.15 on Friday. The company has a market cap of $17,100.00, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.20 and a beta of 0.67. Check Point Software Technologies Ltd. has a 1-year low of $80.78 and a 1-year high of $119.20.

CHKP has been the subject of a number of recent analyst reports. Cowen and Company reiterated a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research note on Friday, July 21st. Argus reiterated a “buy” rating and issued a $124.00 target price (up from $115.00) on shares of Check Point Software Technologies in a research note on Tuesday, July 25th. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $126.00 target price on shares of Check Point Software Technologies in a research note on Thursday, October 19th. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $113.60.

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)

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