Bethel Finance:Credit Suisse becomes party at interest in Check Point

www.bethelfinance.com
Credit Suisse Group AG (NYSE: CS; SWX: CSGN; XETRA: CSGZ) has become a party at interest in Check Point Software Technologies Ltd. (Nasdaq: CHKP), according to a company filing with the US Securities and Exchange Commission (SEC).

Check Point reported that Credit Suisse owns 11,076,059 shares, for a stake of 5.35%. At yesterday's closing price, the stake is worth $640 million.

Credit Suisse's research department gives Check Point an "Outperform" recommendation, with a target price of $67.50.

Check Point's share price fell 0.5% yesterday to $58.09, giving a market cap of $12.1 billion.