Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Holdings Trimmed by Greenleaf Trust

Greenleaf Trust trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 39.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,835 shares of the technology company's stock after selling 2,549 shares during the quarter. Greenleaf Trust's holdings in Check Point Software Technologies were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its holdings in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock valued at $354,153,000 after purchasing an additional 177,104 shares during the last quarter. FMR LLC grew its position in shares of Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock worth $218,488,000 after purchasing an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company's stock valued at $211,105,000 after acquiring an additional 464,821 shares in the last quarter. Swedbank AB grew its stake in Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company's stock worth $79,915,000 after buying an additional 4,760 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Check Point Software Technologies by 8.9% in the third quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company's stock valued at $57,563,000 after acquiring an additional 24,421 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Susquehanna increased 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. Mizuho upped their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Finally, Morgan Stanley raised their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $215.59.

Check Point Software Technologies Price Performance

CHKP traded down $0.20 during trading on Friday, reaching $212.24. 1,053,976 shares of the company's stock were exchanged, compared to its average volume of 853,128. The company's fifty day simple moving average is $191.83 and its 200-day simple moving average is $189.21. The stock has a market capitalization of $23.34 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.02.

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.