Evercore Wealth Management LLC Sells 1,000 Shares of Check Point Software Technologies Ltd. (CHKP)

Evercore Wealth Management LLC decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,181 shares of the technology company’s stock after selling 1,000 shares during the period. Evercore Wealth Management LLC’s holdings in Check Point Software Technologies were worth $6,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHKP. 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. Baldwin Investment Management LLC raised its stake in Check Point Software Technologies by 0.7% during the 2nd 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 in the last quarter. Wetherby Asset Management Inc. raised its stake in Check Point Software Technologies by 0.8% during the 2nd 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 in the last quarter. Raymond James Trust N.A. raised its stake in Check Point Software Technologies by 0.9% during the 2nd 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 in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Check Point Software Technologies by 0.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 22,872 shares of the technology company’s stock valued at $2,495,000 after acquiring an additional 62 shares in the last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Ltd. (CHKP) opened at $104.30 on Monday. The stock has a market capitalization of $17,047.10, a price-to-earnings ratio of 21.96, a P/E/G ratio of 2.24 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $80.78 and a 1-year high of $119.20.

CHKP has been the topic of several recent analyst reports. Evercore ISI set a $100.00 target price on Check Point Software Technologies and gave the company a “hold” rating in a research note on Friday, August 11th. Oppenheimer reaffirmed an “outperform” rating and set a $128.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, August 15th. BidaskClub raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies set a $108.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, Credit Suisse Group initiated coverage on Check Point Software Technologies in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $110.00 price objective on the stock. Twenty equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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.

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

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