Asset Management One Co. Ltd. lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 79,643 shares of the technology company's stock after selling 7,064 shares during the period. Asset Management One Co. Ltd. owned 0.07% of Check Point Software Technologies worth $14,965,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHKP. Creative Planning lifted its holdings in Check Point Software Technologies by 14.4% in the 3rd quarter. Creative Planning now owns 21,184 shares of the technology company's stock valued at $4,084,000 after purchasing an additional 2,674 shares in the last quarter. Good Life Advisors LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter worth $310,000. Global Retirement Partners LLC raised its holdings in shares of Check Point Software Technologies by 3.6% during the 3rd quarter. Global Retirement Partners LLC now owns 9,316 shares of the technology company's stock worth $1,796,000 after acquiring an additional 323 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock worth $346,000 after acquiring an additional 57 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Check Point Software Technologies by 5.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,697 shares of the technology company's stock worth $2,062,000 after acquiring an additional 515 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on CHKP. Evercore ISI lifted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Susquehanna lifted their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" 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 on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Check Point Software Technologies from $207.00 to $221.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Morgan Stanley raised their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $215.59.
Check Out Our Latest Report on CHKP
Check Point Software Technologies Price Performance
Shares of Check Point Software Technologies stock traded up $2.46 on Wednesday, reaching $222.92. 1,171,523 shares of the company were exchanged, compared to its average volume of 907,767. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02. The company has a market cap of $24.52 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65. The stock's 50 day moving average price is $196.37 and its 200-day moving average price is $191.24.
Check Point Software Technologies Company Profile
(
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.
Featured Stories
Before you consider Check Point Software Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Check Point Software Technologies wasn't on the list.
While Check Point Software Technologies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
