O Shaughnessy Asset Management LLC lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,817 shares of the technology company's stock after selling 3,649 shares during the period. O Shaughnessy Asset Management LLC's holdings in Check Point Software Technologies were worth $2,953,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC boosted its holdings in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after acquiring an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC grew its position in 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 in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.
Check Point Software Technologies Stock Performance
Shares of CHKP traded up $2.95 during midday trading on Tuesday, hitting $216.71. 648,294 shares of the stock traded hands, compared to its average volume of 980,855. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.35. The firm has a market capitalization of $23.83 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business's 50 day moving average price is $221.10 and its two-hundred day moving average price is $199.93.
Analyst Ratings Changes
Several research analysts have recently weighed in on CHKP shares. Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $230.00 to $260.00 in a research note on Thursday, March 27th. 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. Scotiabank lifted 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. Mizuho increased their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered Check Point Software Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $236.13.
Check Out Our Latest Research Report on CHKP
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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