Achmea Investment Management B.V. Trims Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Achmea Investment Management B.V. cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 34.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,415 shares of the technology company's stock after selling 38,746 shares during the quarter. Achmea Investment Management B.V. owned 0.07% of Check Point Software Technologies worth $13,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the third quarter worth approximately $27,000. GAMMA Investing LLC grew its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after buying an additional 60 shares during the period. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $35,000. Exchange Traded Concepts LLC grew its position in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after buying an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC grew its position in Check Point Software Technologies by 370.6% during the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after buying an additional 189 shares during the period. 98.51% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHKP. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and boosted their target price for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. Barclays upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Susquehanna upped their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Eighteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and an average price target of $228.78.

Check Point Software Technologies Stock Down 0.3 %

Check Point Software Technologies stock traded down $0.64 during mid-day trading on Tuesday, reaching $229.75. 797,951 shares of the company's stock traded hands, compared to its average volume of 705,123. The company has a market cap of $25.27 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.41 and a beta of 0.62. The stock has a 50 day moving average of $209.39 and a two-hundred day moving average of $196.11. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $235.13.

About Check Point Software Technologies

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.