Teacher Retirement System of Texas Boosts Holdings in Check Point Software Technologies Ltd. (CHKP)

Teacher Retirement System of Texas raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 122.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,543 shares of the technology company’s stock after acquiring an additional 153,595 shares during the quarter. Teacher Retirement System of Texas owned about 0.17% of Check Point Software Technologies worth $31,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Veritas Asset Management LLP acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $482,664,000. BT Investment Management Ltd acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $165,866,000. Koch Industries Inc. grew its position in shares of Check Point Software Technologies by 41,297.0% during the 2nd quarter. Koch Industries Inc. now owns 1,148,354 shares of the technology company’s stock worth $1,138,000 after buying an additional 1,145,580 shares during the period. Janus Henderson Group PLC grew its position in shares of Check Point Software Technologies by 336.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,152,428 shares of the technology company’s stock worth $125,709,000 after buying an additional 888,530 shares during the period. Finally, APG Asset Management N.V. grew its position in shares of Check Point Software Technologies by 53.0% during the 3rd quarter. APG Asset Management N.V. now owns 2,548,811 shares of the technology company’s stock worth $290,615,000 after buying an additional 883,300 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Several equities research analysts have recently commented on CHKP shares. Cowen and Company reiterated a “buy” rating and set a $113.00 price target on shares of Check Point Software Technologies in a research report on Friday, July 21st. Argus reiterated a “buy” rating and set a $124.00 price target (up previously from $115.00) on shares of Check Point Software Technologies in a research report on Tuesday, July 25th. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $128.00 price target on shares of Check Point Software Technologies in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $126.00 price target on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Twenty analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $113.60.

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Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up $0.29 on Tuesday, reaching $102.80. 2,356,600 shares of the company were exchanged, compared to its average volume of 1,131,316. The firm has a market capitalization of $16,754.53, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. Check Point Software Technologies Ltd. has a fifty-two week low of $80.78 and a fifty-two week high of $119.20.

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.

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

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