Hussman Strategic Advisors Inc. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,400 shares of the technology company's stock after selling 6,300 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Check Point Software Technologies were worth $1,568,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in Check Point Software Technologies by 10.7% during the 3rd 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 buying an additional 177,104 shares during the last quarter. FMR LLC lifted its position in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after acquiring an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 valued at $211,105,000 after acquiring an additional 464,821 shares during the last quarter. Boston Trust Walden Corp increased its position in Check Point Software Technologies by 26.9% during the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock worth $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Finally, Swedbank AB raised its stake in Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company's stock valued at $79,915,000 after purchasing an additional 4,760 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Truist Financial reaffirmed a "buy" rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. 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 research note on Friday, January 31st. UBS Group lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Scotiabank upped their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a research note on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus price target of $215.59.
Get Our Latest Research Report on CHKP
Check Point Software Technologies Trading Down 1.0 %
Shares of CHKP traded down $2.25 during midday trading on Friday, reaching $216.80. 1,270,519 shares of the company were exchanged, compared to its average volume of 914,943. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02. The stock has a 50-day moving average price of $197.65 and a 200-day moving average price of $191.65. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.48 and a beta of 0.65.
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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