Commerzbank Aktiengesellschaft FI Has $5.62 Million Stake in Check Point Software Technologies Ltd. (CHKP)

Commerzbank Aktiengesellschaft FI increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 49,306 shares of the technology company’s stock after acquiring an additional 7,320 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Check Point Software Technologies were worth $5,622,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CHKP. Vanguard Group Inc. increased its holdings in shares of Check Point Software Technologies by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 306,857 shares of the technology company’s stock valued at $31,502,000 after acquiring an additional 20,909 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Check Point Software Technologies by 66.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 193,299 shares of the technology company’s stock valued at $21,092,000 after buying an additional 77,298 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Check Point Software Technologies by 5.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 155,618 shares of the technology company’s stock valued at $16,947,000 after buying an additional 8,444 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Check Point Software Technologies by 3.2% in the 2nd quarter. CIBC Asset Management Inc now owns 17,664 shares of the technology company’s stock valued at $1,927,000 after buying an additional 544 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Check Point Software Technologies by 23.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,550 shares of the technology company’s stock valued at $496,000 after buying an additional 850 shares during the last quarter.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at $104.30 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $80.78 and a 52-week high of $119.20. The company has a market capitalization of $17,047.11, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63.

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

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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