Check Point Software Technologies Ltd. (CHKP) is Train Babcock Advisors LLC’s 9th Largest Position

Train Babcock Advisors LLC trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 56,927 shares of the technology company’s stock after selling 1,088 shares during the period. Check Point Software Technologies accounts for 2.6% of Train Babcock Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Train Babcock Advisors LLC’s holdings in Check Point Software Technologies were worth $5,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its position in Check Point Software Technologies by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,406 shares of the technology company’s stock worth $6,371,000 after purchasing an additional 4,607 shares during the period. Rhumbline Advisers grew its position in Check Point Software Technologies by 38.4% during the 2nd quarter. Rhumbline Advisers now owns 21,474 shares of the technology company’s stock worth $2,342,000 after purchasing an additional 5,960 shares during the period. State Board of Administration of Florida Retirement System grew its position in Check Point Software Technologies by 45.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 17,018 shares of the technology company’s stock worth $1,856,000 after purchasing an additional 5,340 shares during the period. Victory Capital Management Inc. grew its position in Check Point Software Technologies by 5.8% during the 2nd quarter. Victory Capital Management Inc. now owns 7,959 shares of the technology company’s stock worth $868,000 after purchasing an additional 434 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in Check Point Software Technologies during the 2nd quarter worth about $243,000. 71.73% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down $0.40 on Wednesday, reaching $103.20. 2,368,800 shares of the company’s stock were exchanged, compared to its average volume of 1,286,433. Check Point Software Technologies Ltd. has a twelve month low of $87.05 and a twelve month high of $119.20. The stock has a market cap of $16,870.00, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.03 and a beta of 0.62.

Several brokerages have weighed in on CHKP. Northland Securities set a $120.00 price target on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Wednesday, November 1st. BTIG Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 price target on shares of Check Point Software Technologies in a research report on Friday, November 3rd. Piper Jaffray Companies set a $108.00 price target on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, UBS Group raised their target price on Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, twenty have given 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.

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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.

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

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