Easterly Investment Partners LLC Sells 25,656 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Easterly Investment Partners LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,099 shares of the technology company's stock after selling 25,656 shares during the period. Easterly Investment Partners LLC's holdings in Check Point Software Technologies were worth $6,740,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CHKP. Norges Bank acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $428,820,000. 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 increased its holdings in shares of Check Point Software Technologies by 73.8% during the third 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 worth $211,105,000 after purchasing an additional 464,821 shares during the period. Sei Investments Co. raised its position in shares of Check Point Software Technologies by 6.0% in the fourth quarter. Sei Investments Co. now owns 504,977 shares of the technology company's stock valued at $94,279,000 after buying an additional 28,763 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock valued at $90,976,000 after buying an additional 103,388 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

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Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. Mizuho raised their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Jefferies Financial Group raised their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Susquehanna raised their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a report on Friday, January 31st. Finally, UBS Group upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $234.18.

Check Point Software Technologies Stock Down 0.7 %

Shares of NASDAQ CHKP traded down $1.63 during trading on Monday, reaching $226.75. The company had a trading volume of 195,461 shares, compared to its average volume of 732,847. The stock has a market cap of $24.94 billion, a P/E ratio of 30.29, a PEG ratio of 3.41 and a beta of 0.62. The company's fifty day moving average price is $217.58 and its 200-day moving average price is $198.60. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $238.43.

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.