Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Camden National Bank

Camden National Bank decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,678 shares of the technology company's stock after selling 2,051 shares during the quarter. Check Point Software Technologies makes up approximately 1.7% of Camden National Bank's portfolio, making the stock its 17th biggest position. Camden National Bank owned approximately 0.06% of Check Point Software Technologies worth $11,515,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $27,000. GAMMA Investing LLC lifted its position 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 valued at $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

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Analyst Upgrades and Downgrades

CHKP has been the topic of several recent analyst reports. StockNews.com upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. BMO Capital Markets raised their price objective on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Stifel Nicolaus boosted their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Morgan Stanley lifted their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Seventeen equities research 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $224.86.

Check Point Software Technologies Trading Down 0.8 %

CHKP stock traded down $1.81 during mid-day trading on Monday, hitting $228.40. 1,869,074 shares of the company were exchanged, compared to its average volume of 974,766. The firm has a fifty day simple moving average of $204.80 and a 200 day simple moving average of $194.73. The company has a market capitalization of $25.12 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $230.65.

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.