Compass Capital Management Inc. Sells 8,509 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Compass Capital Management Inc. decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,194 shares of the technology company's stock after selling 8,509 shares during the quarter. Check Point Software Technologies comprises 4.0% of Compass Capital Management Inc.'s holdings, making the stock its 11th largest holding. Compass Capital Management Inc. owned 0.30% of Check Point Software Technologies worth $61,274,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHKP. Robeco Institutional Asset Management B.V. lifted its stake in Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock valued at $354,153,000 after acquiring an additional 177,104 shares in the last quarter. FMR LLC raised its holdings in shares of 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 purchasing an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Check Point Software Technologies by 73.8% during the third 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 in the last quarter. Boston Trust Walden Corp boosted its holdings in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock worth $90,976,000 after purchasing an additional 103,388 shares during the last quarter. Finally, Swedbank AB grew its position in Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company's stock worth $79,915,000 after purchasing an additional 4,760 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded down $0.20 during midday trading on Friday, hitting $212.24. 1,053,976 shares of the company's stock were exchanged, compared to its average volume of 897,991. The company has a market cap of $23.34 billion, a P/E ratio of 28.41, a PEG ratio of 3.41 and a beta of 0.65. The stock has a 50-day moving average price of $191.22 and a two-hundred day moving average price of $188.92. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CHKP shares. Stifel Nicolaus boosted their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Susquehanna lifted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Piper Sandler increased their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Mizuho boosted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Citigroup increased their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Nineteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of "Hold" and an average price target of $215.59.

About Check Point Software Technologies

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.