Amundi cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,527 shares of the technology company's stock after selling 18,418 shares during the quarter. Amundi owned about 0.23% of Check Point Software Technologies worth $45,711,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter valued at $27,000. GAMMA Investing LLC lifted its stake in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 4th quarter worth about $35,000. Exchange Traded Concepts LLC grew its stake in Check Point Software Technologies by 142.7% in the 4th 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 last quarter. Finally, Iron Horse Wealth Management LLC raised its holdings in Check Point Software Technologies by 370.6% in the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after acquiring an additional 189 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CHKP has been the subject of a number of research reports. StockNews.com downgraded Check Point Software Technologies from a "buy" rating to a "hold" rating in a report on Thursday. Mizuho increased their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Scotiabank lifted their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Eighteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and an average target price of $224.86.
Get Our Latest Stock Analysis on Check Point Software Technologies
Check Point Software Technologies Stock Down 1.4 %
Check Point Software Technologies stock traded down $3.09 during mid-day trading on Thursday, hitting $214.90. 1,341,857 shares of the stock were exchanged, compared to its average volume of 1,000,768. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $230.65. The firm's fifty day simple moving average is $206.90 and its two-hundred day simple moving average is $195.36.
Check Point Software Technologies 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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