Swiss National Bank lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 242,900 shares of the technology company's stock after selling 22,100 shares during the period. Swiss National Bank owned about 0.22% of Check Point Software Technologies worth $45,349,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock valued at $16,532,000 after acquiring an additional 20,866 shares in the last quarter. Truist Financial Corp raised its stake in shares of Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after acquiring an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Check Point Software Technologies by 99.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after acquiring an additional 2,478 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock valued at $19,957,000 after acquiring an additional 3,655 shares in the last quarter. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies in the fourth quarter worth approximately $476,000. Institutional investors own 98.51% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CHKP. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $221.00 to $255.00 in a research note on Wednesday, February 26th. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $229.86.
View Our Latest Stock Analysis on Check Point Software Technologies
Check Point Software Technologies Price Performance
NASDAQ:CHKP traded down $1.18 during mid-day trading on Thursday, hitting $229.14. The company's stock had a trading volume of 928,640 shares, compared to its average volume of 706,972. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $236.33. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 3.41 and a beta of 0.62. The business's fifty day moving average is $211.30 and its two-hundred day moving average is $196.61.
Check Point Software Technologies Profile
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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.
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