AustralianSuper Pty Ltd acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 219,000 shares of the technology company’s stock, valued at approximately $24,970,000. Check Point Software Technologies makes up approximately 1.1% of AustralianSuper Pty Ltd’s holdings, making the stock its 25th biggest position. AustralianSuper Pty Ltd owned approximately 0.13% of Check Point Software Technologies at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CHKP. Harding Loevner LP raised its stake in Check Point Software Technologies by 3,559.4% during 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 holdings in Check Point Software Technologies by 4.2% in the third quarter. Schroder Investment Management Group now owns 5,513,142 shares of the technology company’s stock valued at $619,512,000 after buying an additional 220,009 shares during the period. Veritas Asset Management LLP acquired a new position in Check Point Software Technologies in the second quarter valued at $482,664,000. FMR LLC raised its holdings in shares of Check Point Software Technologies by 13.5% during the second quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock valued at $384,916,000 after purchasing an additional 420,853 shares during the period. Finally, FIL Ltd raised its holdings in shares of Check Point Software Technologies by 1.5% during the second quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock valued at $317,632,000 after purchasing an additional 43,674 shares during the period. 73.93% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (NASDAQ CHKP) traded down $0.13 on Friday, hitting $106.30. 1,153,500 shares of the company were exchanged, compared to its average volume of 1,128,781. Check Point Software Technologies Ltd. has a 12 month low of $84.00 and a 12 month high of $119.20. The firm has a market cap of $17,395.23, a price-to-earnings ratio of 22.41, a PEG ratio of 2.28 and a beta of 0.62.

CHKP has been the topic of several research reports. BidaskClub upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Piper Jaffray Companies set a $108.00 price objective on shares of Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, August 25th. Credit Suisse Group initiated coverage on shares of Check Point Software Technologies in a report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 price objective on the stock. Cowen reiterated a “buy” rating and set a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, September 8th. Finally, Northland Securities reiterated a “hold” rating and set a $120.00 price objective on shares of Check Point Software Technologies in a report on Thursday, September 28th. Twenty analysts have rated the stock with a hold rating and ten 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.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/15/australiansuper-pty-ltd-takes-24-97-million-position-in-check-point-software-technologies-ltd-chkp.html.

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP).

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

Receive News & Stock Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related stocks with our FREE daily email newsletter.