National Pension Service Sells 34,356 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

National Pension Service lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,757 shares of the technology company's stock after selling 34,356 shares during the quarter. National Pension Service owned about 0.24% of Check Point Software Technologies worth $49,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth about $27,000. GAMMA Investing LLC grew its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC lifted its holdings 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 worth $44,000 after buying an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Check Point Software Technologies by 370.6% in the fourth 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 period. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 0.4 %

NASDAQ:CHKP traded up $0.83 during mid-day trading on Monday, reaching $221.09. 886,835 shares of the company were exchanged, compared to its average volume of 906,634. The stock has a market cap of $24.32 billion, a PE ratio of 29.60, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02. The company has a fifty day moving average of $201.38 and a 200 day moving average of $193.45.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Barclays upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $220.00 to $260.00 in a report on Monday. Finally, StockNews.com lowered Check Point Software Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $224.86.

Check Point Software Technologies Profile

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.