Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Heron Bay Capital Management

Heron Bay Capital Management lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,335 shares of the technology company's stock after selling 5,592 shares during the quarter. Heron Bay Capital Management's holdings in Check Point Software Technologies were worth $4,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $22,945,000. Sei Investments Co. increased its stake in shares of Check Point Software Technologies by 6.0% during the 4th quarter. Sei Investments Co. now owns 504,977 shares of the technology company's stock worth $94,279,000 after purchasing an additional 28,763 shares in the last quarter. American Century Companies Inc. raised its position in shares of Check Point Software Technologies by 107.2% during the 4th quarter. American Century Companies Inc. now owns 41,616 shares of the technology company's stock worth $7,770,000 after purchasing an additional 21,532 shares during the last quarter. HUB Investment Partners LLC lifted its stake in Check Point Software Technologies by 2.2% in the 4th quarter. HUB Investment Partners LLC now owns 3,582 shares of the technology company's stock valued at $669,000 after buying an additional 77 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Check Point Software Technologies by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,661 shares of the technology company's stock valued at $2,737,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on CHKP. Scotiabank upped their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Citigroup upped their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Friday, January 17th. UBS Group boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Wells Fargo & Company upgraded shares of Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $200.00 to $280.00 in a research report on Friday, March 14th. Finally, BMO Capital Markets boosted their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Seventeen investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $229.86.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded up $2.53 during mid-day trading on Tuesday, hitting $230.58. 503,251 shares of the company traded hands, compared to its average volume of 711,063. The firm has a market cap of $25.36 billion, a P/E ratio of 30.87, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $232.37. The firm's 50 day simple moving average is $214.04 and its 200 day simple moving average is $197.46.

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.