Check Point Software Technologies Ltd. (CHKP) Shares Bought by KBC Group NV

KBC Group NV increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 36.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,224 shares of the technology company’s stock after buying an additional 13,134 shares during the quarter. KBC Group NV’s holdings in Check Point Software Technologies were worth $5,612,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. AXA grew its stake in shares of Check Point Software Technologies by 20.6% in the second quarter. AXA now owns 187,805 shares of the technology company’s stock valued at $20,486,000 after buying an additional 32,118 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Check Point Software Technologies by 7.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 89,147 shares of the technology company’s stock valued at $9,725,000 after buying an additional 5,914 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Check Point Software Technologies by 693.4% in the second quarter. JPMorgan Chase & Co. now owns 467,485 shares of the technology company’s stock valued at $50,993,000 after buying an additional 408,560 shares in the last quarter. Martin Investment Management LLC boosted its holdings in Check Point Software Technologies by 17.0% in the second 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 boosted its holdings in Check Point Software Technologies by 6.2% in the second 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. Institutional investors and hedge funds own 73.93% of the company’s stock.

A number of research analysts recently commented on the company. Evercore ISI set a $100.00 price target on Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, August 11th. Northland Securities reissued a “hold” rating and issued a $120.00 price target on shares of Check Point Software Technologies in a report on Thursday, September 28th. Royal Bank Of Canada reduced their price target on Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Wednesday, November 1st. UBS increased their price target on Check Point Software Technologies from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $108.00 price target on Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, October 6th. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $113.60.

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) opened at $103.54 on Thursday. The stock has a market capitalization of $16,777.41, a P/E ratio of 21.61, a P/E/G ratio of 2.20 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $83.10 and a 1-year high of $119.20.

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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.

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

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