Invesco Ltd. Has $21.91 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Invesco Ltd. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,378 shares of the technology company's stock after selling 28,073 shares during the period. Invesco Ltd. owned about 0.11% of Check Point Software Technologies worth $21,914,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC raised its stake in shares of Check Point Software Technologies by 36.1% in the fourth quarter. Cerity Partners LLC now owns 7,220 shares of the technology company's stock valued at $1,361,000 after purchasing an additional 1,916 shares in the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Check Point Software Technologies by 1.1% in the 4th quarter. Peapack Gladstone Financial Corp now owns 112,501 shares of the technology company's stock valued at $21,003,000 after buying an additional 1,185 shares in the last quarter. MIG Capital LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter worth about $335,000. Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $2,646,000. Finally, Wedbush Securities Inc. increased its stake in Check Point Software Technologies by 8.0% in the fourth quarter. Wedbush Securities Inc. now owns 4,246 shares of the technology company's stock valued at $793,000 after acquiring an additional 316 shares during the period. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Down 4.8 %

Shares of Check Point Software Technologies stock traded down $10.14 during trading on Wednesday, reaching $202.18. 1,830,858 shares of the company were exchanged, compared to its average volume of 1,014,189. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.35. The business has a 50-day moving average price of $221.35 and a 200-day moving average price of $201.82. The firm has a market capitalization of $22.24 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 3.41 and a beta of 0.62.

Analysts Set New Price Targets

A number of research firms have weighed in on CHKP. Barclays lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Compass Point set a $260.00 price target on Check Point Software Technologies in a research report on Thursday, March 27th. Arete Research upgraded Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Stifel Nicolaus boosted their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Finally, Robert W. Baird upgraded shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Sixteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $234.68.

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.