abrdn plc decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,547 shares of the technology company's stock after selling 2,913 shares during the period. abrdn plc's holdings in Check Point Software Technologies were worth $2,903,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company's stock worth $211,105,000 after buying an additional 464,821 shares during the last quarter. World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $51,922,000. FMR LLC lifted its holdings in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after purchasing an additional 252,581 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Check Point Software Technologies by 10.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock worth $354,153,000 after purchasing an additional 177,104 shares during the period. Finally, Boston Trust Walden Corp increased its stake in shares of Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock worth $90,976,000 after purchasing an additional 103,388 shares in the last quarter. 98.51% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on CHKP. Stifel Nicolaus raised their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Robert W. Baird reduced their price target on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. UBS Group increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Jefferies Financial Group upped their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets raised their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $215.59.
Get Our Latest Analysis on CHKP
Check Point Software Technologies Stock Up 2.0 %
Shares of CHKP traded up $4.26 during trading hours on Thursday, hitting $221.12. The company had a trading volume of 690,357 shares, compared to its average volume of 905,992. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock's 50 day moving average price is $193.65 and its 200 day moving average price is $190.09. The firm has a market cap of $24.32 billion, a P/E ratio of 29.60, a P/E/G ratio of 3.31 and a beta of 0.65.
Check Point Software Technologies Company Profile
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Free Report)
Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
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