Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,061 shares of the technology company's stock after selling 2,212 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.18% of Check Point Software Technologies worth $36,231,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $27,000. GAMMA Investing LLC increased its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after acquiring an additional 60 shares during the period. Strategic Financial Concepts LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at $35,000. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies during the third quarter worth about $37,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after purchasing an additional 137 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CHKP shares. UBS Group raised their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Check Point Software Technologies from $207.00 to $221.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Susquehanna raised their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Scotiabank lifted their price objective on 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. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $215.59.

Check Point Software Technologies Price Performance

CHKP traded up $0.97 during trading on Friday, hitting $222.09. The company's stock had a trading volume of 674,681 shares, compared to its average volume of 853,128. The firm's 50 day moving average price is $195.01 and its 200-day moving average price is $190.57. The stock has a market cap of $24.43 billion, a PE ratio of 29.73, a PEG ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02.

Check Point Software Technologies Company 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.