Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,589 shares of the technology company's stock after selling 8,877 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.15% of Check Point Software Technologies worth $30,729,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CHKP. Norges Bank acquired a new stake in Check Point Software Technologies during the 4th quarter worth approximately $428,820,000. Clearbridge Investments LLC purchased a new stake in Check Point Software Technologies in the 4th quarter valued at approximately $100,456,000. World Investment Advisors LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $51,922,000. Raymond James Financial Inc. purchased a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $38,558,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Check Point Software Technologies by 148.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 345,173 shares of the technology company's stock valued at $64,444,000 after buying an additional 206,294 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.
Check Point Software Technologies Stock Performance
Check Point Software Technologies stock traded up $3.48 during trading on Friday, hitting $217.26. The company's stock had a trading volume of 398,753 shares, compared to its average volume of 760,649. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 3.41 and a beta of 0.62. The stock's fifty day moving average is $221.32 and its 200 day moving average is $200.52. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. 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. Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Wells Fargo & Company raised shares of Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $236.13.
Check Out Our Latest Stock Report on Check Point Software Technologies
Check Point Software Technologies Profile
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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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