Pinebridge Investments L.P. acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,137 shares of the technology company’s stock, valued at approximately $2,068,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI boosted its position in Check Point Software Technologies by 17.4% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 49,306 shares of the technology company’s stock valued at $5,622,000 after purchasing an additional 7,320 shares during the last quarter. Welch & Forbes LLC acquired a new stake in Check Point Software Technologies during the third quarter valued at $13,309,000. KBC Group NV boosted its position in Check Point Software Technologies by 36.4% during the third quarter. KBC Group NV now owns 49,224 shares of the technology company’s stock valued at $5,612,000 after purchasing an additional 13,134 shares during the last quarter. Harding Loevner LP boosted its position in 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 valued at $495,041,000 after purchasing an additional 208,440,017 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in Check Point Software Technologies by 1.3% during the third quarter. BB&T Securities LLC now owns 58,561 shares of the technology company’s stock valued at $6,677,000 after purchasing an additional 756 shares during the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (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 capitalization of $16,777.41, a PE ratio of 21.61, a P/E/G ratio of 2.20 and a beta of 0.62.

A number of research firms recently issued reports on CHKP. Stifel Nicolaus reissued a “hold” rating and set a $100.00 price objective on shares of Check Point Software Technologies in a research report on Friday, November 3rd. UBS raised their target price on Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Barclays cut their target price on 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 restated a “hold” rating and set a $115.00 target price on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Finally, Oppenheimer restated a “buy” rating and set a $128.00 target price on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $113.60.

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Check Point Software Technologies 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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