Employees Retirement System of Texas reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,304 shares of the technology company's stock after selling 8,096 shares during the quarter. Employees Retirement System of Texas' holdings in Check Point Software Technologies were worth $39,775,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in Check Point Software Technologies in the fourth quarter worth $428,820,000. Geode Capital Management LLC lifted its position in Check Point Software Technologies by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 849,546 shares of the technology company's stock worth $158,035,000 after buying an additional 27,267 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth about $100,456,000. Sei Investments Co. increased its position in Check Point Software Technologies by 6.0% in the 4th quarter. Sei Investments Co. now owns 504,977 shares of the technology company's stock valued at $94,279,000 after acquiring an additional 28,763 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock worth $90,976,000 after acquiring an additional 103,388 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.
Check Point Software Technologies Stock Up 1.8 %
CHKP traded up $3.93 during trading on Friday, hitting $217.71. The company had a trading volume of 938,492 shares, compared to its average volume of 763,309. The firm's 50-day moving average price is $221.43 and its 200 day moving average price is $200.68. The company has a market capitalization of $23.94 billion, a PE ratio of 29.14, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on CHKP shares. Truist Financial reissued a "buy" rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. BMO Capital Markets raised Check Point Software Technologies from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $245.00 to $275.00 in a research note on Friday, March 28th. Wells Fargo & Company raised Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $200.00 to $280.00 in a research note on Friday, March 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of "Moderate Buy" and an average target price of $236.13.
View Our Latest Stock 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.
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