Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Lessened by Nepsis Capital Management Inc.

Nepsis Capital Management Inc. lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,312 shares of the technology company’s stock after selling 1,737 shares during the quarter. Check Point Software Technologies makes up approximately 2.8% of Nepsis Capital Management Inc.’s holdings, making the stock its 19th largest position. 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.

Other large investors also recently added to or reduced their stakes in the company. BB&T Investment Services Inc. acquired a new position in Check Point Software Technologies during the 2nd quarter valued at approximately $100,000. Acrospire Investment Management LLC raised its stake in Check Point Software Technologies by 150.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after acquiring an additional 600 shares in the last quarter. Fiduciary Trust Co. bought a new stake in Check Point Software Technologies during the 2nd quarter valued at $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Check Point Software Technologies by 1.4% during 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 acquiring an additional 20 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Check Point Software Technologies during the 2nd quarter valued at $155,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

Several brokerages have weighed in on CHKP. Northland Securities set a $120.00 target price on Check Point Software Technologies and gave the company a “hold” rating in a research note on Wednesday, November 1st. BTIG Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 target price on shares of Check Point Software Technologies in a research note on Friday, November 3rd. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, Piper Jaffray Companies set a $108.00 target price on Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, October 6th. Twenty investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $113.60.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $107.22 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $84.00 and a 12 month high of $119.20. The company has a market capitalization of $17,524.36, a price-to-earnings ratio of 22.57, a PEG ratio of 2.30 and a beta of 0.62.

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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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