Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Boston Partners

Boston Partners trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,518,090 shares of the technology company's stock after selling 56,722 shares during the period. Check Point Software Technologies makes up 0.8% of Boston Partners' portfolio, making the stock its 24th biggest position. Boston Partners owned 3.20% of Check Point Software Technologies worth $656,938,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after acquiring an additional 20,866 shares in the last quarter. Truist Financial Corp grew its holdings in Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after acquiring an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock worth $928,000 after acquiring an additional 2,478 shares in the last quarter. MML Investors Services LLC grew its holdings in Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after acquiring an additional 3,655 shares in the last quarter. Finally, Hickory Asset Management Inc. acquired a new position in Check Point Software Technologies during the 4th quarter worth $476,000. 98.51% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have weighed in on CHKP. Morgan Stanley began coverage on shares of Check Point Software Technologies in a report on Tuesday. They set an "equal weight" rating and a $235.00 price objective for the company. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Stifel Nicolaus raised their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Citigroup raised their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Finally, Barclays raised 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. Seventeen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $229.86.

Check Point Software Technologies Stock Down 0.5 %

Check Point Software Technologies stock traded down $1.17 during trading hours on Friday, hitting $227.97. 1,071,844 shares of the company traded hands, compared to its average volume of 710,147. The firm has a market cap of $25.07 billion, a P/E ratio of 30.52, a P/E/G ratio of 3.41 and a beta of 0.62. The firm's 50-day simple moving average is $213.13 and its two-hundred day simple moving average is $197.08. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $232.37.

Check Point Software Technologies 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.