New York State Common Retirement Fund Sells 18,838 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

New York State Common Retirement Fund reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,709 shares of the technology company's stock after selling 18,838 shares during the period. New York State Common Retirement Fund owned 0.25% of Check Point Software Technologies worth $52,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $27,000. GAMMA Investing LLC boosted its position in shares of Check Point Software Technologies by 53.1% during the fourth 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 period. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Strategic Financial Concepts LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Finally, Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $37,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CHKP shares. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Truist Financial restated a "buy" rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Robert W. Baird cut their target price on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their target price for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus target price of $215.59.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded down $1.93 during trading hours on Friday, reaching $217.12. The company's stock had a trading volume of 752,683 shares, compared to its average volume of 897,693. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 3.48 and a beta of 0.65. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02. The business's 50-day moving average is $197.65 and its 200-day moving average is $191.65.

Check Point Software Technologies Company 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.