Staley Capital Advisers Inc. Grows Stake in Check Point Software Technologies Ltd. (CHKP)

Staley Capital Advisers Inc. boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,218 shares of the technology company’s stock after buying an additional 1,500 shares during the period. Staley Capital Advisers Inc.’s holdings in Check Point Software Technologies were worth $1,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BB&T Investment Services Inc. bought a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $100,000. Acrospire Investment Management LLC increased 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 valued at $109,000 after purchasing an additional 600 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $145,000. Tower Research Capital LLC TRC bought a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $155,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased 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 valued at $151,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 73.93% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $103.59 on Wednesday. The stock has a market cap of $16,777.41, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $82.00 and a fifty-two week high of $119.20.

A number of equities analysts have weighed in on the stock. Northland Securities set a $120.00 target price on shares of Check Point Software Technologies and gave the company a “hold” rating in a research note on Wednesday, November 1st. BTIG Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a “hold” rating and set a $100.00 price target on shares of Check Point Software Technologies in a research report on Friday, November 3rd. Piper Jaffray Companies set a $108.00 price target on shares of Check Point Software Technologies and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Twenty research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently 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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