Mitsubishi UFJ Trust & Banking Corp Sells 4,904 Shares of Check Point Software Technologies Ltd. (CHKP)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,649 shares of the technology company’s stock after selling 4,904 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.17% of Check Point Software Technologies worth $31,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Harding Loevner LP lifted its holdings in shares of Check Point Software Technologies by 5.2% in the second quarter. Harding Loevner LP now owns 5,856,093 shares of the technology company’s stock worth $638,783,000 after buying an additional 290,232 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of 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 worth $619,512,000 after buying an additional 220,009 shares in the last quarter. Veritas Asset Management LLP purchased a new stake in shares of Check Point Software Technologies in the second quarter worth about $482,664,000. FMR LLC lifted its holdings in shares of Check Point Software Technologies by 13.5% in the second quarter. FMR LLC now owns 3,528,750 shares of the technology company’s stock worth $384,916,000 after buying 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% in the second quarter. FIL Ltd now owns 2,911,917 shares of the technology company’s stock worth $317,632,000 after buying an additional 43,674 shares in the last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $102.65 on Tuesday. Check Point Software Technologies Ltd. has a 52-week low of $81.89 and a 52-week high of $119.20. The company has a market cap of $17,070.00, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.62.

Several research analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, August 15th. Credit Suisse Group assumed coverage on shares of Check Point Software Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price objective on the stock. Jefferies Group restated a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Royal Bank Of Canada restated a “hold” rating and issued a $105.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 18th. Finally, OTR Global cut shares of Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Twenty research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price 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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