Oregon Public Employees Retirement Fund reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 75.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,596 shares of the technology company’s stock after selling 29,739 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Check Point Software Technologies were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harding Loevner LP lifted its position in shares of Check Point Software Technologies by 5.2% during the second 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 during the last quarter. Veritas Asset Management LLP bought a new stake in shares of Check Point Software Technologies in the second quarter valued at about $482,664,000. FMR LLC raised its holdings in shares of Check Point Software Technologies by 13.5% in the second quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock valued at $384,916,000 after acquiring an additional 420,853 shares in the last quarter. FIL Ltd raised its holdings in shares of Check Point Software Technologies by 1.5% in the second quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock valued at $317,632,000 after acquiring an additional 43,674 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Check Point Software Technologies by 3.8% in the second quarter. William Blair Investment Management LLC now owns 2,657,405 shares of the technology company’s stock valued at $289,870,000 after acquiring an additional 96,571 shares in the last quarter. 68.53% of the stock is owned by institutional investors and hedge funds.

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $102.40 on Wednesday. The firm has a market capitalization of $16,801.93, a P/E ratio of 21.64, a PEG ratio of 2.21 and a beta of 0.67. Check Point Software Technologies Ltd. has a 52 week low of $80.78 and a 52 week high of $119.20.

Several analysts recently weighed in on the company. Northland Securities restated a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a report on Thursday, September 28th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Cowen and Company downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating and set a $112.00 price objective for the company. in a report on Wednesday, November 1st. Stephens lowered Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research note on Wednesday, November 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $115.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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.

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

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