US investment institution Thornburg Investment Management Inc. has become a party at interest in Check Point Software Technologies Ltd. (Nasdaq: CHKP), according to a filing with the US Securities and Exchange Commission (SEC). Thornburg seems to have bought shares sold by FMR LLC, which reduced its stake in Check Point from 10.9% at the end of 2011 to 5.1% in late 2012. Thornburg, based in New Mexico's capital of Santa Fe, owns 6.16% of Check Point, according to the filing.
Thornburg's stake is worth $638 million, making it the largest investment institution in Check Point. Check Point's share price rose 2% on Nasdaq on Friday to $50.98, giving a market cap of $10.2 billion. The share price fell 13.8% in 2012, but has corrected upwards so far this year.
A check by "Globes" found that Thornburg owns 9.4% of the Arison family's Carnival Corporation (NYSE: CCL; LSE: CCL).
In a separate development, Pennsylvania-based Turner Investments LP has acquired 5.2% in Allot Communications Ltd. (Nasdaq:ALLT; TASE: ALLT) as of the end of 2012, according a company filing with the SEC. Allot's share price has fallen 18.4% in the past 12 months, and is down 52% from its peak in September 2012, leading Turner Investments to believe that it is a buy opportunity. Allot's share price rose 0.4% on Friday to $13.85, giving a market cap of $446 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 3, 2013
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