Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,211 shares of the technology company's stock after selling 37,666 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.12% of Check Point Software Technologies worth $24,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $428,820,000. Clearbridge Investments LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $100,456,000. Raymond James Financial Inc. purchased a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $38,558,000. Pictet Asset Management Holding SA increased its position in Check Point Software Technologies by 148.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 345,173 shares of the technology company's stock worth $64,444,000 after buying an additional 206,294 shares in the last quarter. Finally, Sound Shore Management Inc. CT lifted its position in shares of Check Point Software Technologies by 42.3% in the fourth quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company's stock valued at $89,408,000 after acquiring an additional 142,328 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $0.02 during trading on Friday, reaching $214.96. The stock had a trading volume of 824,648 shares, compared to its average volume of 767,669. The stock has a market cap of $23.64 billion, a PE ratio of 28.78, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The firm's 50 day moving average price is $221.71 and its two-hundred day moving average price is $201.50.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHKP. The Goldman Sachs Group downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Stephens initiated coverage on shares of Check Point Software Technologies in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $255.00 target price for the company. Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Finally, Morgan Stanley lowered their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $235.50.

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.