“Check Point Software Technologies Ltd. (CHKP) slid the most in a month as RBC Capital Markets cut its price target for the world’s second largest network security maker by 18 percent amid increased competition.
The Israeli technology developer dropped the most since Aug. 30 in New York yesterday, after posting a 4.5 percent advance in September, the first monthly gain in six months. Check Point led the Bloomberg Israel-U.S. equity index of the most traded Israeli companies in New York down 1 percent to 85.85. Allot Communications Ltd. (ALLT), the Israeli developer of network traffic management technology, was the biggest decliner on the index. The TA-25 Index gained 2.1 percent in Tel Aviv today as trading resumed after a two-day holiday.”
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