Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Holdings Cut by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 572,823 shares of the technology company's stock after selling 102,725 shares during the quarter. Check Point Software Technologies comprises approximately 1.8% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 10th biggest position. Edmond DE Rothschild Holding S.A. owned approximately 0.52% of Check Point Software Technologies worth $106,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gitterman Wealth Management LLC raised its stake in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after purchasing an additional 48 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in Check Point Software Technologies by 0.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after purchasing an additional 56 shares during the last quarter. Regatta Capital Group LLC boosted its stake in Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock valued at $229,000 after buying an additional 57 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock worth $353,000 after acquiring an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently commented on CHKP shares. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Wells Fargo & Company upgraded shares of Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $200.00 to $280.00 in a report on Friday, March 14th. Stephens initiated coverage on Check Point Software Technologies in a report on Tuesday. They set an "equal weight" rating and a $255.00 price objective for the company. The Goldman Sachs Group cut Check Point Software Technologies from a "buy" rating to a "neutral" rating and lifted their target price for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Finally, Citigroup boosted 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 report on Friday, January 17th. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $236.13.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded down $6.73 during mid-day trading on Friday, hitting $217.29. 495,223 shares of the company's stock traded hands, compared to its average volume of 740,609. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a market capitalization of $23.90 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.41 and a beta of 0.62. The company has a fifty day moving average of $220.36 and a 200 day moving average of $199.48.

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.