UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
For the month of October 2016
 
Commission File Number 0-28584
 
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
(Translation of registrant's name into English)
 
5 Ha’solelim Street, Tel Aviv, Israel
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F ☒          Form 40-F ☐
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
 
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
 
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form, is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes ☐          No ☒
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
 
 
©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   1

 
 
INVESTOR CONTACT:
Kip E. Meintzer
+1.650.628.2040
ir@checkpoint.com
 
MEDIA CONTACT:
Ali Donzanti
Check Point Software Technologies
+1.650.628.2030
press@checkpoint.com
 
CHECK POINT SOFTWARE TECHNLOGIES REPORTS 2016 THIRD QUARTER FINANCIAL RESULTS
 
SAN CARLOS, CA – October 31, 2016 — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the third quarter ended September 30, 2016.
 
Third Quarter 2016:
 
·
Total Revenue: $428 million, a 6 percent increase year over year
·
Software Blades Subscriptions Revenues: $99 million,  a 24 percent increase year over year
·
GAAP Operating Income: $206 million, representing 48 percent of revenues
·
Non-GAAP Operating Income: $231 million, representing 54 percent of revenues
·
GAAP EPS: $0.99,  a 7 percent increase year over year
·
Non-GAAP EPS: $1.13,  a 9 percent increase year over year
·
Deferred Revenues: $889 million,  a 15 percent increase year over year
 
“Third quarter financial results were very good with revenues coming in toward the upper end of our projections and earnings per share that exceeded our projections. Customers continue to leverage the Check Point security platform and increase their adoption of our advanced security capabilities which is resulting in higher subscription revenues,” said Gil Shwed, founder and chief executive officer, “We continued to see strong sales of our SandBlast, Zero Day Protection solutions, resulting in triple-digit growth as customers focus on prevention.”
 
Financial Highlights for the Third Quarter of 2016:
·
Total Revenue: $428 million compared to $404 million in the third quarter of 2015.
·
GAAP Operating Income: $206 million compared to $205 million in the third quarter of 2015.
·
Non-GAAP Operating Income: $231 million compared to $228 million in the third quarter of 2015.
·
GAAP Net Income and Earnings per Diluted Share: GAAP net income was $170 million compared to $168 million in the third quarter of 2015. GAAP earnings per diluted share were $0.99 compared to $0.92 in the third quarter of 2015.
·
Non-GAAP Net Income: Non-GAAP net income was $194 million compared to $188 million in the third quarter of 2015.
·
Non-GAAP Earnings per Diluted Share: $1.13 compared to $1.04 in the third quarter of 2015.
·
Deferred Revenues: As of September 30, 2016, deferred revenues were $889 million compared to $772 million as of September 30, 2015.
·
Cash Flow: Cash flow from operations of $214 million compared to $228 million in the third quarter of 2015.
·
Share Repurchase Program: During the third quarter of 2016, the company repurchased 3.2 million shares at a total cost of $247 million.
 
©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   2

 
·
Cash Balances, Marketable Securities and Short Term Deposits: $3,708 million as of September 30, 2016, compared to $3,612 million as of September 30, 2015.

For information regarding the non-GAAP financial measures discussed in this release, as well as a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP financial measures, please see “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information.”

Business Highlights:
Check Point Defines Security Leadership in New Era of Cloud IT- Check Point’s advanced threat prevention works across cloud platforms, integrating with the most popular SDN/cloud technologies such as VMware NSX, Cisco ACI, OpenStack, Microsoft Azure and Amazon Web Services (AWS). Fueled by the company’s vSEC cloud security with R80 Security Management, Check Point is enabling businesses to secure physical networks and cloud environments with the same industry-leading solutions and policies – all from a single management console.

SandBlast Agent for Browsers - As the newest member of its industry-leading SandBlast family of solutions, SandBlast Agent for Browsers is designed to protect users from evolving threats by seamlessly incorporating key components of the SandBlast security model into the browser. It provides real-time protection, all while reducing the resources required to prevent today’s advanced attacks.

Industry Accolades:
Achieved NSS Labs Recommended Rating Three Times in 2016 – Check Point received a ‘Recommended’ rating three times in the 2016 NSS Labs testing including:
·
Next-Generation Intrusion Prevention System (NGIPS) Test with 99.95% exploit catch rate, the highest of all participates and the leading  TCO rating
·
NSS Labs Breach Detection Systems (BDS) group test
·
Next Generation Firewall (NGFW)
Check Point has achieved ‘Recommended’ rating from NSS Labs for all thirteen tests the company has participated in since 2011.

Leader in the 2016 Gartner Magic Quadrant for Unified Threat Management – The new report evaluated the company’s completeness of vision and ability to execute in areas such as security management and threat prevention within the small and medium business market. Check Point has been positioned as a Leader in Unified Threat Management Magic Quadrant for six consecutive years. Check Point is the only vendor to be a leader in both Firewall Gartner Magic Quadrants: Enterprise and Unified Threat Management.

Number One in Worldwide Firewall Equipment Market Share – Check Point is the leader in worldwide market share in 2Q 2016 for Firewall Equipment, according to the Gartner Market Share: Enterprise Network Equipment by Market Segment, Worldwide reports. 1

Top Position in Worldwide Combined Firewall and UTM Appliance Market – Check Point continued to be the number one vendor in worldwide combined Firewall and UTM appliance revenue for 2Q 2016, according to the IDC Worldwide Quarterly Security Appliance Tracker.2
________________________
1 Gartner, Inc., Market Share: Enterprise Network Equipment by Market Segment, Worldwide, 2Q16, Christian Canales, Petr Gorodetskiy, Naresh Singh, and Joe Skorupa, September 2016. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
2 IDC Worldwide Quarterly Security Appliance Tracker 2Q2016, September 2016.
 
©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   3


Security Research:
2016 Security Report- In the company’s fourth annual Security Report, Check Point researchers analyzed the activity of more than 31,000 Check Point gateways worldwide, revealing specific details on the challenges enterprises are encountering with unknown malware, attack trends, and the impact of having more mobile devices in the enterprise.

Cerber Check Point researchers investigated one of the largest active ransomware campaigns to have unprecedented insight into its devious scheme. In a detailed report, researchers shine a light on the growing ransomware-as-a-service industry, but revealing a path now being used to help individuals and businesses gain access to their encrypted files – without paying the increasingly inflated ransoms of cyber criminals.

QuadRooter The Check Point Mobile Research Team uncovered a set of four vulnerabilities in QualComm chipset drivers dubbed the name QuadRooter making at least 900 million Android smartphones and tablets vulnerable. If exploited, hackers could gain complete control of devices and unrestricted access to the sensitive personal and enterprise data on them. Access could also provide an attacker with capabilities such as keylogging, GPS tracking, and recording video and audio.

HummingBad – Cyber criminals utilized HummingBad malware to control over 10 million mobile devices globally, allowing them to manipulate the devices into downloading apps and clicking on advertisements to benefit the coalition of developers behind the malware. Check Point researchers discovered how this illegal network ran alongside a legitimate business of Android and iOS apps and analytics, and provided the details of their network operation.

“Cyberattacks are continuing to increase and the level of their sophistication keeps rising.  Every organization should be concerned about achieving the highest level of defense against these attacks. The Check Point platform provides protection against the most advanced attacks and prevents them from entering the organization, while enabling each customer to manage their security on the network, mobile and the cloud through a single pane of glass management console,” Concluded Shwed.

Fourth Quarter 2016 Investor Conference Participation Schedule:
 
·
UBS Global Technology Conference
Nov. 15, 2016 – San Francisco, CA
 
·
Credit Suisse Annual Technology Conference
Nov. 29, 2016 – Scottsdale, AZ
 
·
Raymond James Supply Chain Conference*
Dec. 6-7, 2016 – New York, NY
 
* Investor meetings only
 
Members of Check Point's management team are expected to present at these conferences and discuss the latest company strategies and initiatives. Check Point’s conference presentations are expected to be available via webcast on the company's web site. To view these presentations and access the most updated information please visit the company's web site at www.checkpoint.com/ir. The schedule is subject to change.
 
©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   4

Conference Call and Webcast Information
Check Point will host a conference call with the investment community on October 31, 2016, at 8:30 AM ET/5:30 AM PT. To listen to the live webcast, please visit the website at: www.checkpoint.com/ir. A replay of the conference call will be available through November 6, 2016 on the company's website or by telephone at +1.201.612.7415, replay ID number 13647361.

About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is the largest network cyber security vendor globally, providing industry-leading solutions and protecting customers from cyberattacks with an unmatched catch rate of malware and other types of threats. Check Point offers a complete security architecture defending enterprises – from networks to mobile devices – in addition to the most comprehensive and intuitive security management. Check Point protects over 100,000 organizations of all sizes.

©2016 Check Point Software Technologies Ltd. All rights reserved
 
©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   5

 
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our products and solutions, the success of the new family of cybersecurity solutions that we have developed and our participation in investor conferences during the fourth quarter of 2016.  Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected.  These risks include our ability to continue to develop platform capabilities and solutions; customer acceptance and purchase of our existing solutions and new solutions; the market for IT security continuing to develop; competition from other products and services; and general market, political, economic and business conditions.  The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and  Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 28, 2016 The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of operating income, net income and earnings per diluted share, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation charges, amortization of intangible assets and acquisition related expenses and the related tax affects. Check Point’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of Check Point’s ongoing core operations and prospects for the future. Historically, Check Point has also publicly presented these supplemental non-GAAP financial measures in order to assist the investment community to see the Company “through the eyes of management,” and thereby enhance understanding of its operating performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.
 
©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   6

CHECK POINT SOFTWARE TECHNOLOGIES LTD.
CONSOLIDATED STATEMENT OF INCOME
 
(In thousands, except per share amounts)

   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2016
   
2015
   
2016
   
2015
 
   
(unaudited)
   
(unaudited)
   
(unaudited)
   
(unaudited)
 
Revenues:
                       
   Products and licenses
 
$
136,931
   
$
135,218
   
$
395,909
   
$
381,799
 
   Software Blades subscriptions
   
98,575
     
79,622
     
279,403
     
230,598
 
Total revenues from products and software blades
   
235,506
     
214,840
     
675,312
     
612,397
 
   Software updates and maintenance
   
192,068
     
189,016
     
579,282
     
559,369
 
Total revenues
   
427,574
     
403,856
     
1,254,594
     
1,171,766
 
                                 
Operating expenses:
                               
   Cost of products and licenses
   
25,244
     
24,400
     
73,408
     
69,333
 
Cost of software blades subscriptions
   
3,009
     
2,351
     
6,695
     
5,662
 
Total cost of products and software blades
   
28,253
     
26,751
     
80,103
     
74,995
 
Cost of Software updates and maintenance
   
21,371
     
20,107
     
61,536
     
58,080
 
   Amortization of technology
   
546
     
546
     
1,638
     
1,262
 
Total cost of revenues
   
50,170
     
47,404
     
143,277
     
134,337
 
                                 
   Research and development
   
44,443
     
37,495
     
130,631
     
109,249
 
   Selling and marketing
   
104,386
     
90,463
     
303,702
     
258,605
 
   General and administrative
   
22,087
     
23,860
     
66,124
     
68,848
 
Total operating expenses
   
221,086
     
199,222
     
643,734
     
571,039
 
                                 
Operating income
   
206,488
     
204,634
     
610,860
     
600,727
 
Financial income, net
   
12,145
     
8,285
     
33,908
     
24,905
 
Income before taxes on income
   
218,633
     
212,919
     
644,768
     
625,632
 
Taxes on income
   
48,981
     
45,176
     
141,875
     
134,370
 
Net income
 
$
169,652
   
$
167,743
   
$
502,893
   
$
491,262
 
                                 
Basic earnings per share
 
$
1.00
   
$
0.94
   
$
2.94
   
$
2.72
 
Number of shares used in computing basic earnings per share
   
169,113
     
177,519
     
171,140
     
180,335
 
                                 
Diluted earnings per share
 
$
0.99
   
$
0.92
   
$
2.88
   
$
2.66
 
Number of shares used in computing diluted earnings per share
   
171,882
     
181,804
     
174,549
     
184,846
 

©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   7


CHECK POINT SOFTWARE TECHNOLOGIES LTD.
RECONCILIATION OF GAAP TO NON GAAP FINANCIAL INFORMATION

 (In thousands, except per share amounts)

   
Three Months Ended
   
Nine Months Ended
 
   
Sep 30,
   
Sep 30,
 
   
2016
   
2015
   
2016
   
2015
 
   
(unaudited)
   
(unaudited)
   
(unaudited)
   
(unaudited)
 
                         
GAAP operating income
 
$
206,488
   
$
204,634
   
$
610,860
   
$
600,727
 
Stock-based compensation (1)
   
20,818
     
19,956
     
61,034
     
56,534
 
Amortization of intangible assets and acquisition related expenses (2)
   
3,282
     
3,309
     
9,858
     
7,912
 
Non-GAAP operating income
 
$
230,588
   
$
227,899
   
$
681,752
   
$
665,173
 
                                 
GAAP net income
 
$
169,652
   
$
167,743
   
$
502,893
   
$
491,262
 
Stock-based compensation (1)
   
20,818
     
19,956
     
61,034
     
56,534
 
Amortization of intangible assets and acquisition related expenses (2)
   
3,282
     
3,309
     
9,858
     
7,912
 
Taxes on the above items (3)
   
(244
)
   
(2,556
)
   
(2,740
)
   
(5,504
)
Non-GAAP net income
 
$
193,508
   
$
188,452
   
$
571,045
   
$
550,204
 
                                 
Diluted GAAP Earnings per share
 
$
0.99
   
$
0.92
   
$
2.88
   
$
2.66
 
Stock-based compensation (1)
   
0.12
     
0.11
     
0.35
     
0.31
 
Amortization of intangible assets and acquisition related expenses (2)
   
0.02
     
0.02
     
0.06
     
0.04
 
Taxes on the above items (3)
   
-
     
(0.01
)
   
(0.02
)
   
(0.03
)
Diluted Non-GAAP Earnings per share
 
$
1.13
   
$
1.04
   
$
3.27
   
$
2.98
 
                                 
Number of shares used in computing diluted  Non-GAAP earnings per share
   
171,882
     
181,804
     
174,549
     
184,846
 
                                 
(1) Stock-based compensation:
                               
   Cost of products and licenses
 
$
16
   
$
17
   
$
50
   
$
47
 
   Cost of software updates and maintenance
   
560
     
396
     
1,535
     
1,110
 
   Research and development
   
2,993
     
3,295
     
9,291
     
8,536
 
   Selling and marketing
   
5,508
     
4,193
     
13,311
     
12,112
 
   General and administrative
   
11,741
     
12,055
     
36,847
     
34,729
 
   
$
20,818
     
19,956
   
$
61,034
     
56,534
 
                                 
(2) Amortization of intangible assets and acquisition related expenses:
                               
   Amortization of technology-cost of revenues
 
$
546
     
546
   
$
1,638
     
1,262
 
   Research and development
   
1,897
     
1,897
     
5,691
     
4,249
 
   Selling and marketing
   
839
     
866
     
2,529
     
2,401
 
   
$
3,282
     
3,309
   
$
9,858
     
7,912
 
                                 
(3) Taxes on the above items
 
$
(244
)
   
(2,556
)
 
$
(2,740
)
   
(5,504
)
                                 
Total, net
 
$
23,856
   
$
20,709
   
$
68,152
   
$
58,942
 

©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   8

CHECK POINT SOFTWARE TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED BALANCE SHEET DATA

(In thousands)

ASSETS
 
   
September 30,
   
December 31,
 
   
2016
   
2015
 
   
(unaudited)
   
(audited)
 
Current assets:
           
Cash and cash equivalents
 
$
224,327
   
$
192,312
 
Marketable securities and short-term deposits
   
1,005,902
     
1,091,915
 
Trade receivables, net
   
254,716
     
410,763
 
Prepaid expenses and other current assets
   
44,453
     
40,844
 
Total current assets
   
1,529,398
     
1,735,834
 
                 
Long-term assets:
               
Marketable securities
   
2,477,626
     
2,331,187
 
Property and equipment, net
   
57,994
     
48,692
 
Severance pay fund
   
4,783
     
5,262
 
Deferred tax asset, net
   
62,030
     
65,711
 
Goodwill and other intangible assets, net
   
835,120
     
838,020
 
Other assets
   
36,307
     
45,174
 
Total long-term assets
   
3,473,860
     
3,334,046
 
                 
Total assets
 
$
5,003,258
   
$
5,069,880
 

LIABILITIES AND
SHAREHOLDERS’ EQUITY
 
Current liabilities:
           
Deferred revenues
 
$
677,755
   
$
717,528
 
Trade payables and other accrued liabilities
   
323,617
     
339,325
 
Total current liabilities
   
1,001,372
     
1,056,853
 
                 
Long-term liabilities:
               
Long-term deferred revenues
   
210,755
     
188,255
 
Income tax accrual
   
324,400
     
283,215
 
Deferred tax liability, net
   
-
     
240
 
Accrued severance pay
   
9,185
     
9,451
 
     
544,340
     
481,161
 
                 
Total liabilities
   
1,545,712
     
1,538,014
 
                 
Shareholders’ equity:
               
Share capital
   
774
     
774
 
Additional paid-in capital
   
1,087,158
     
987,331
 
Treasury shares at cost
   
(4,734,366
)
   
(4,043,271
)
Accumulated other comprehensive gain (loss)
   
9,805
     
(4,250
)
Retained earnings
   
7,094,175
     
6,591,282
 
Total shareholders’ equity
   
3,457,546
     
3,531,866
 
                 
Total liabilities and shareholders’ equity
 
$
5,003,258
   
$
5,069,880
 
Total cash and cash equivalents, marketable securities and short-term deposits
 
$
3,707,855
   
$
3,615,414
 

©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   9
 

 
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
SELECTED CONSOLIDATED CASH FLOW DATA
 
(In thousands)
 
   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2016
   
2015
   
2016
   
2015
 
   
(unaudited)
   
(unaudited)
   
(unaudited)
   
(unaudited)
 
Cash flow from operating activities:
                       
Net income
 
$
169,652
   
$
167,743
   
$
502,893
   
$
491,262
 
Adjustments to reconcile net income to net cash provided by operating activities:
                               
Depreciation of property and equipment
   
3,099
     
2,658
     
8,491
     
7,541
 
Amortization of intangible assets
   
963
     
990
     
2,901
     
2,622
 
Stock-based compensation
   
20,818
     
19,956
     
61,034
     
56,534
 
Realized loss (gain) on marketable securities
   
(1,743
)
   
176
     
(2,867
)
   
97
 
Decrease in trade and other receivables, net
   
20,317
     
28,973
     
161,534
     
124,176
 
Increase in deferred revenues, trade payables and other accrued liabilities
   
4,867
     
14,388
     
16,213
     
32,098
 
Excess tax benefit from stock-based compensation
   
(3,387
)
   
(3,772
)
   
(8,200
)
   
(6,073
)
Deferred income taxes, net
   
(662
)
   
(3,285
)
   
(1,876
)
   
(3,116
)
Net cash provided by operating activities
   
213,924
     
227,827
     
740,123
     
705,141
 
                                 
Cash flow from investing activities:
                               
                                 
Cash paid in conjunction with acquisitions, net of acquired cash
   
-
     
-
     
-
     
(96,544
)
Investment in property and equipment
   
(7,143
)
   
(4,361
)
   
(17,793
)
   
(10,206
)
Net cash used in investing activities
   
(7,143
)
   
(4,361
)
   
(17,793
)
   
(106,750
)
                                 
Cash flow from financing activities:
                               
Proceeds from issuance of shares upon exercise of options
   
46,310
     
20,074
     
79,839
     
54,089
 
Purchase of treasury shares
   
(247,000
)
   
(249,763
)
   
(739,937
)
   
(736,445
)
Excess tax benefit from stock-based compensation
   
3,387
     
3,772
     
8,200
     
6,073
 
Net cash used in financing activities
   
(197,303
)
   
(225,917
)
   
(651,898
)
   
(676,283
)
                                 
Unrealized gain (loss) on marketable securities, net
   
(9,609
)
   
4,150
     
22,009
     
7,261
 
                                 
Increase (decrease) in cash and cash equivalents, marketable securities and short term deposits
   
(131
)
   
1,699
     
92,441
     
(70,631
)
                                 
Cash and cash equivalents, marketable securities and short term deposits at the beginning of the period
   
3,707,986
     
3,610,603
     
3,615,414
     
3,682,933
 
                                 
Cash and cash equivalents, marketable securities and short term deposits at the end of the period
 
$
3,707,855
   
$
3,612,302
   
$
3,707,855
   
$
3,612,302
 

©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   10

 
Signatures
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
 
       
 
By:
/s/ Tal Payne  
    Tal Payne  
   
Chief Financial Officer & Chief Operating Officer
 
       
October 31, 2016
 
©2016 Check Point Software Technologies Ltd. All rights reserved     |     P.   11