Altrinsic Global Advisors LLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,636 shares of the technology company's stock after selling 196,226 shares during the period. Check Point Software Technologies accounts for approximately 5.5% of Altrinsic Global Advisors LLC's investment portfolio, making the stock its 7th biggest position. Altrinsic Global Advisors LLC owned about 0.55% of Check Point Software Technologies worth $113,819,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. World Investment Advisors raised its position in shares of Check Point Software Technologies by 4.4% during the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after buying an additional 1,278 shares during the period. Crux Wealth Advisors purchased a new stake in Check Point Software Technologies in the fourth quarter valued at $542,000. Truist Financial Corp raised its position in Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after purchasing an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after purchasing an additional 2,478 shares during the last quarter. Finally, Hickory Asset Management Inc. purchased a new position in shares of Check Point Software Technologies during the 4th quarter worth $476,000. Institutional investors and hedge funds own 98.51% of the company's stock.
Check Point Software Technologies Trading Up 2.4 %
CHKP stock opened at $212.31 on Wednesday. The stock has a market cap of $23.35 billion, a P/E ratio of 28.42, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company's 50 day moving average is $221.35 and its two-hundred day moving average is $201.82.
Wall Street Analyst Weigh In
A number of research firms have commented on CHKP. Guggenheim reaffirmed a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Stephens assumed coverage on shares of Check Point Software Technologies in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $255.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Morgan Stanley lowered their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Mizuho boosted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $235.50.
Read Our Latest Research Report on Check Point Software Technologies
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.
See Also
Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report).
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