Banco Santander S.A. Sells 1,300 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Banco Santander S.A. decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,380 shares of the technology company's stock after selling 1,300 shares during the period. Banco Santander S.A.'s holdings in Check Point Software Technologies were worth $818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHKP. Bank of Montreal Can boosted its holdings 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 valued at $16,532,000 after acquiring an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter valued at about $1,599,000. Truist Financial Corp boosted its stake in shares of 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 valued at $22,311,000 after purchasing an additional 3,080 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after purchasing an additional 3,655 shares during the last quarter. Finally, Hickory Asset Management Inc. acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $476,000. Institutional investors own 98.51% of the company's stock.

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Check Point Software Technologies Stock Down 2.0 %

CHKP stock traded down $4.44 during midday trading on Wednesday, reaching $217.95. 168,000 shares of the company's stock traded hands, compared to its average volume of 968,462. The firm's fifty day moving average price is $206.28 and its 200-day moving average price is $195.20. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $230.65. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 3.41 and a beta of 0.62.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Arete Research raised shares of Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. BMO Capital Markets raised their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Finally, Barclays lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Seventeen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $224.86.

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.