As Check Point Software Tech Lt (CHKP) Share Value Rose, Alyeska Investment Group LP Boosted Stake by $35.27 Million

October 2, 2018 - By Linda Rogers

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Logo

Alyeska Investment Group Lp increased its stake in Check Point Software Tech Lt (CHKP) by 20.71% based on its latest 2018Q2 regulatory filing with the SEC. Alyeska Investment Group Lp bought 363,566 shares as the company’s stock rose 17.85% with the market. The hedge fund held 2.12 million shares of the prepackaged software company at the end of 2018Q2, valued at $206.98M, up from 1.76 million at the end of the previous reported quarter. Alyeska Investment Group Lp who had been investing in Check Point Software Tech Lt for a number of months, seems to be bullish on the $18.17B market cap company. The stock decreased 1.23% or $1.45 during the last trading session, reaching $116.28. About 546,155 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 4.97% since October 2, 2017 and is uptrending. It has underperformed by 10.65% the S&P500.

Alyeska Investment Group Lp, which manages about $3.14 billion and $10.40B US Long portfolio, decreased its stake in Viavi Solutions Inc by 1.04 million shares to 407,332 shares, valued at $4.17 million in 2018Q2, according to the filing. It also reduced its holding in Ameriprise Finl Inc (NYSE:AMP) by 56,677 shares in the quarter, leaving it with 18,826 shares, and cut its stake in National Vision Hldgs Inc.

More notable recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Nasdaq.com which released: “Check Point Software Technologies Named a Leader in 2018 Gartner Magic Quadrant for Unified Threat Management …” on September 24, 2018, also 247Wallst.com with their article: “Short Sellers Can’t Make Up Their Minds on Cybersecurity Stocks” published on September 26, 2018, Nasdaq.com published: “BlackBerry and Check Point Software Announce Global Partnership to Mitigate Cybersecurity Threats” on September 12, 2018. More interesting news about Check Point Software Technologies Ltd. (NASDAQ:CHKP) were released by: Nasdaq.com and their article: “Check Point Software Technologies Recognized as a 2018 Gartner Peer Insights Customers’ Choice for Unified Threat …” published on September 27, 2018 as well as Nasdaq.com‘s news article titled: “El Centro College Enriches Cyber Security Education by Partnering with Check Point Software” with publication date: September 26, 2018.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Coverage

Among 12 analysts covering Check Point (NASDAQ:CHKP), 1 have Buy rating, 0 Sell and 11 Hold. Therefore 8% are positive. Check Point had 15 analyst reports since April 25, 2018 according to SRatingsIntel. RBC Capital Markets maintained the shares of CHKP in report on Wednesday, April 25 with “Hold” rating. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, April 26. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Argus Research on Wednesday, May 9. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Neutral” rating by UBS on Thursday, July 26. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 25 report. Stifel Nicolaus maintained it with “Hold” rating and $112 target in Thursday, July 26 report. JP Morgan maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Thursday, April 26 with “Neutral” rating. The rating was maintained by Morgan Stanley on Thursday, July 26 with “Equal-Weight”. The rating was upgraded by BTIG Research on Tuesday, July 10 to “Buy”. Stifel Nicolaus maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, April 25. Stifel Nicolaus has “Hold” rating and $9500 target.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Chart

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