Renaissance Group LLC Raises Position in Check Point Software Technologies Ltd. (CHKP)

Renaissance Group LLC boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,085 shares of the technology company’s stock after acquiring an additional 3,962 shares during the period. Renaissance Group LLC owned approximately 0.09% of Check Point Software Technologies worth $16,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in 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 valued at $151,000 after acquiring an additional 20 shares during the period. Gateway Investment Advisers LLC increased its stake in Check Point Software Technologies by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock valued at $263,000 after acquiring an additional 31 shares during the period. Baldwin Investment Management LLC increased its stake in Check Point Software Technologies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock valued at $509,000 after acquiring an additional 34 shares during the period. Wetherby Asset Management Inc. increased its stake in Check Point Software Technologies by 0.8% during the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock valued at $580,000 after acquiring an additional 41 shares during the period. Finally, Raymond James Trust N.A. increased its stake in Check Point Software Technologies by 0.9% during the second quarter. Raymond James Trust N.A. now owns 5,023 shares of the technology company’s stock valued at $548,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 68.14% of the company’s stock.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down $0.12 during mid-day trading on Wednesday, reaching $103.83. 215,986 shares of the company traded hands, compared to its average volume of 1,137,111. Check Point Software Technologies Ltd. has a 1 year low of $80.78 and a 1 year high of $119.20. The company has a market cap of $17,250.00, a PE ratio of 21.68, a PEG ratio of 2.21 and a beta of 0.67.

COPYRIGHT VIOLATION NOTICE: “Renaissance Group LLC Raises Position in Check Point Software Technologies Ltd. (CHKP)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/11/22/renaissance-group-llc-raises-position-in-check-point-software-technologies-ltd-chkp.html.

Several equities analysts recently issued reports on the company. Northland Securities restated a “hold” rating and set a $120.00 price target on shares of Check Point Software Technologies in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $128.00 price objective on shares of Check Point Software Technologies in a report on Monday, October 2nd. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the company a “hold” rating in a report on Friday, August 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $105.00 price objective (down from $110.00) on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $115.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $113.60.

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)

Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply