Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Reduced by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,455 shares of the technology company's stock after selling 6,331 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Check Point Software Technologies worth $10,727,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after purchasing an additional 20,866 shares in the last quarter. Truist Financial Corp increased its position in Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after buying an additional 3,080 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after acquiring an additional 3,655 shares during the last quarter. Hickory Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $476,000. Finally, Assetmark Inc. boosted its stake in shares of Check Point Software Technologies by 44.1% during the fourth quarter. Assetmark Inc. now owns 140,943 shares of the technology company's stock valued at $26,314,000 after acquiring an additional 43,165 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded down $3.09 during midday trading on Thursday, hitting $214.90. 1,341,857 shares of the company were exchanged, compared to its average volume of 1,000,768. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $230.65. The company's fifty day moving average price is $207.51 and its 200-day moving average price is $195.49. The company has a market cap of $23.64 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHKP. Scotiabank upped their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Morgan Stanley raised their target price on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. StockNews.com downgraded Check Point Software Technologies from a "buy" rating to a "hold" rating in a report on Thursday. Baird R W upgraded Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Eighteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $224.86.

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.