AlphaStar Capital Management LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,653 shares of the technology company’s stock, valued at approximately $302,000.

Several other institutional investors also recently bought and sold shares of the stock. Harding Loevner LP lifted its position in Check Point Software Technologies by 3,559.4% in the 3rd quarter. Harding Loevner LP now owns 214,296,110 shares of the technology company’s stock valued at $495,041,000 after acquiring an additional 208,440,017 shares in the last quarter. Schroder Investment Management Group lifted its position in Check Point Software Technologies by 4.2% in the 3rd quarter. Schroder Investment Management Group now owns 5,513,142 shares of the technology company’s stock valued at $619,512,000 after acquiring an additional 220,009 shares in the last quarter. Veritas Asset Management LLP bought a new position in Check Point Software Technologies in the 2nd quarter valued at approximately $482,664,000. FMR LLC lifted its position 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 valued at $384,916,000 after acquiring an additional 420,853 shares in the last quarter. Finally, FIL Ltd lifted its holdings in shares of Check Point Software Technologies by 1.5% during 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 period. Institutional investors own 73.93% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $104.78 on Monday. The company has a market capitalization of $17,125.55, a price-to-earnings ratio of 22.06, a PEG ratio of 2.25 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $84.00 and a 12 month high of $119.20.

Several research firms have recently weighed in on CHKP. Northland Securities reissued a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a report on Thursday, September 28th. Oppenheimer reissued a “buy” rating and set a $128.00 price target on shares of Check Point Software Technologies in a report on Monday, October 2nd. Credit Suisse Group reissued a “neutral” rating and set a $105.00 price target (down from $110.00) on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and set a $115.00 price target on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co lowered their price target on Check Point Software Technologies from $123.00 to $121.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Twenty investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $113.60.

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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.

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

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