Retirement Systems of Alabama Acquires Shares of 38,638 Check Point Software Technologies Ltd. (CHKP)

Retirement Systems of Alabama acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,638 shares of the technology company’s stock, valued at approximately $4,406,000.

Other institutional investors have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Check Point Software Technologies by 1.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after buying an additional 20 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Check Point Software Technologies by 1.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock worth $263,000 after purchasing an additional 31 shares in the last quarter. Baldwin Investment Management LLC boosted its position in shares of Check Point Software Technologies by 0.7% during the 2nd quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock worth $509,000 after purchasing an additional 34 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Check Point Software Technologies by 0.8% during the 2nd quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock worth $580,000 after purchasing an additional 41 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Check Point Software Technologies by 0.9% during the 2nd quarter. Raymond James Trust N.A. now owns 5,023 shares of the technology company’s stock worth $548,000 after purchasing an additional 47 shares in the last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (CHKP) traded down $0.01 on Thursday, hitting $103.53. The stock had a trading volume of 1,752,284 shares, compared to its average volume of 1,131,032. Check Point Software Technologies Ltd. has a 52 week low of $84.00 and a 52 week high of $119.20. The stock has a market cap of $16,900.00, a P/E ratio of 21.81, a PEG ratio of 2.22 and a beta of 0.62.

CHKP has been the topic of several research analyst reports. Barclays decreased their target price on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and set a $115.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, October 27th. Piper Jaffray Companies set a $108.00 target price on shares of Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $105.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. Twenty research 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 an average price target of $113.60.

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Check Point Software Technologies 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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