Daiwa Securities Group Inc. Sells 500 Shares of Check Point Software Technologies Ltd. (CHKP)

Daiwa Securities Group Inc. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,050 shares of the technology company’s stock after selling 500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Check Point Software Technologies were worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AXA raised its stake in Check Point Software Technologies by 20.6% in the 2nd quarter. AXA now owns 187,805 shares of the technology company’s stock valued at $20,486,000 after purchasing an additional 32,118 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Check Point Software Technologies by 7.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock valued at $9,725,000 after purchasing an additional 5,914 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Check Point Software Technologies by 693.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 467,485 shares of the technology company’s stock valued at $50,993,000 after purchasing an additional 408,560 shares during the last quarter. Martin Investment Management LLC raised its stake in Check Point Software Technologies by 17.0% in the 2nd quarter. Martin Investment Management LLC now owns 118,581 shares of the technology company’s stock valued at $12,935,000 after purchasing an additional 17,204 shares during the last quarter. Finally, Pictet & Cie Europe SA raised its stake in Check Point Software Technologies by 6.2% in the 2nd quarter. Pictet & Cie Europe SA now owns 17,163 shares of the technology company’s stock valued at $1,872,000 after purchasing an additional 1,000 shares during the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Ltd. (CHKP) opened at $102.80 on Tuesday. Check Point Software Technologies Ltd. has a twelve month low of $80.78 and a twelve month high of $119.20. The company has a market capitalization of $16,754.53, a PE ratio of 21.58, a P/E/G ratio of 2.20 and a beta of 0.67.

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A number of analysts have issued reports on the company. Evercore ISI set a $100.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, August 11th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a “buy” rating and issued a $113.00 target price on shares of Check Point Software Technologies in a research note on Friday, July 21st. Citigroup Inc. raised their target price on Check Point Software Technologies from $111.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Finally, Northland Securities reaffirmed a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research note on Thursday, September 28th. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price 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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