Northwest & Ethical Investments L.P. decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,785 shares of the technology company's stock after selling 6,300 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Check Point Software Technologies were worth $1,453,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC increased its stake in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Check Point Software Technologies by 73.8% during the 3rd 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 purchasing an additional 464,821 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of 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 valued at $90,976,000 after purchasing an additional 103,388 shares during the last quarter. Swedbank AB raised its holdings in shares of Check Point Software Technologies by 1.1% during the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company's stock valued at $79,915,000 after buying an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $51,922,000. Hedge funds and other institutional investors own 98.51% of the company's stock.
Wall Street Analyst Weigh In
CHKP has been the topic of several research reports. Jefferies Financial Group lifted their price target 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. Wells Fargo & Company upgraded shares of Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $200.00 to $280.00 in a research report on Friday, March 14th. Arete Research upgraded shares of Check Point Software Technologies to a "hold" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $229.86.
Get Our Latest Research Report on CHKP
Check Point Software Technologies Trading Up 1.1 %
Shares of CHKP stock traded up $2.53 during midday trading on Tuesday, reaching $230.58. 545,607 shares of the stock were exchanged, compared to its average volume of 711,032. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $232.37. The firm has a market cap of $25.36 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company's 50 day moving average is $214.99 and its two-hundred day moving average is $197.76.
About Check Point Software Technologies
(
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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