Blueshift Asset Management LLC Reduces Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Blueshift Asset Management LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 58.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,151 shares of the technology company's stock after selling 1,590 shares during the period. Blueshift Asset Management LLC's holdings in Check Point Software Technologies were worth $215,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHKP. Pathstone Holdings LLC increased its holdings in shares of Check Point Software Technologies by 138.3% during the 3rd quarter. Pathstone Holdings LLC now owns 19,232 shares of the technology company's stock worth $3,708,000 after acquiring an additional 11,160 shares during the last quarter. Foundry Partners LLC grew its stake in Check Point Software Technologies by 45.0% in the 3rd quarter. Foundry Partners LLC now owns 3,144 shares of the technology company's stock valued at $606,000 after buying an additional 975 shares during the last quarter. Banco Santander S.A. lifted its position in Check Point Software Technologies by 15.4% during the third quarter. Banco Santander S.A. now owns 5,680 shares of the technology company's stock worth $1,095,000 after acquiring an additional 760 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Check Point Software Technologies by 34.2% during the third quarter. Cerity Partners LLC now owns 5,304 shares of the technology company's stock worth $1,023,000 after acquiring an additional 1,353 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Check Point Software Technologies by 9.0% during the third quarter. Kingsview Wealth Management LLC now owns 1,834 shares of the technology company's stock worth $354,000 after buying an additional 152 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

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Check Point Software Technologies Stock Up 0.7 %

CHKP traded up $1.63 during trading on Tuesday, hitting $229.68. The company's stock had a trading volume of 302,055 shares, compared to its average volume of 711,063. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37. The firm has a market capitalization of $25.26 billion, a P/E ratio of 30.77, a PEG ratio of 3.41 and a beta of 0.62. The stock's fifty day moving average price is $214.04 and its 200-day moving average price is $197.46.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Wells Fargo & Company raised Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $200.00 to $280.00 in a report on Friday, March 14th. Mizuho upped their price objective on 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. Finally, Morgan Stanley began coverage on Check Point Software Technologies in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $235.00 price objective on the stock. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $229.86.

Check Point Software Technologies Company Profile

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.