Check Point Software Technologies Ltd. (CHKP) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,497 shares of the technology company’s stock after selling 11,689 shares during the period. State of Tennessee Treasury Department’s holdings in Check Point Software Technologies were worth $8,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies during the second quarter worth $100,000. Acrospire Investment Management LLC grew its stake in shares of Check Point Software Technologies by 150.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after buying an additional 600 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Check Point Software Technologies during the second quarter worth $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Check Point Software Technologies by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after buying an additional 20 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies during the second quarter worth $155,000. Institutional investors and hedge funds own 68.23% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $102.51 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $80.78 and a fifty-two week high of $119.20. The firm has a market cap of $16,754.54, a PE ratio of 21.58, a PEG ratio of 2.20 and a beta of 0.67.

CHKP has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $115.00 target price (down previously from $117.00) on shares of Check Point Software Technologies in a research note on Friday, July 21st. Piper Jaffray Companies cut shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $116.00 to $108.00 in a research note on Friday, July 21st. Citigroup Inc. boosted their target price on shares of 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. Cowen and Company reaffirmed a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a research note on Friday, July 21st. Finally, Barclays PLC reissued a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a research note on Sunday, July 23rd. Twenty investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Hold” and an average 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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