LSV Asset Management lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 29.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 305,400 shares of the technology company's stock after selling 126,600 shares during the period. LSV Asset Management owned approximately 0.28% of Check Point Software Technologies worth $57,018,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CHKP. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies during the fourth quarter worth approximately $25,000. GAMMA Investing LLC raised its stake in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC boosted its stake in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after acquiring an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC raised its holdings in Check Point Software Technologies by 370.6% in the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on CHKP shares. Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Guggenheim reaffirmed a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price target for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. UBS Group upped their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Scotiabank boosted their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $235.50.
Check Out Our Latest Stock Analysis on CHKP
Check Point Software Technologies Trading Down 2.1 %
Shares of NASDAQ CHKP traded down $4.77 during mid-day trading on Wednesday, hitting $219.70. The company had a trading volume of 258,050 shares, compared to its average volume of 762,662. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The company has a market capitalization of $24.16 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 3.41 and a beta of 0.62. The stock's 50-day moving average price is $221.73 and its 200-day moving average price is $201.07.
Check Point Software Technologies Company 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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