Nepsis Capital Management Inc. Sells 1,737 Shares of Check Point Software Technologies Ltd. (CHKP)

Nepsis Capital Management Inc. trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 48,312 shares of the technology company’s stock after selling 1,737 shares during the quarter. Check Point Software Technologies makes up about 2.8% of Nepsis Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Nepsis Capital Management Inc.’s holdings in Check Point Software Technologies were worth $5,509,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mastrapasqua Asset Management Inc. lifted its stake in Check Point Software Technologies by 2.4% in the third quarter. Mastrapasqua Asset Management Inc. now owns 23,457 shares of the technology company’s stock valued at $2,675,000 after buying an additional 554 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Check Point Software Technologies by 3.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 92,548 shares of the technology company’s stock valued at $10,552,000 after buying an additional 3,401 shares during the last quarter. Lenox Wealth Management Inc. lifted its stake in Check Point Software Technologies by 32.7% in the third quarter. Lenox Wealth Management Inc. now owns 8,378 shares of the technology company’s stock valued at $955,000 after buying an additional 2,063 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Check Point Software Technologies in the third quarter valued at $201,000. Finally, Asset Management One Co. Ltd. lifted its stake in Check Point Software Technologies by 2.4% in the third quarter. Asset Management One Co. Ltd. now owns 196,125 shares of the technology company’s stock valued at $22,362,000 after buying an additional 4,574 shares during the last quarter. Institutional investors own 73.93% of the company’s stock.

Shares of Check Point Software Technologies Ltd. (CHKP) opened at $103.53 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $84.00 and a 1 year high of $119.20. The company has a market cap of $16,900.00, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62.

CHKP has been the topic of a number of recent research reports. Barclays cut their target price on Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $115.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, November 1st. KeyCorp restated 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 price objective 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 restated a “hold” rating and set a $105.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 18th. Twenty investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company 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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