Russell Investments Group Ltd. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 242,475 shares of the technology company's stock after selling 46,943 shares during the quarter. Russell Investments Group Ltd. owned 0.22% of Check Point Software Technologies worth $45,290,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. raised its stake in shares of Check Point Software Technologies by 8.0% in the fourth quarter. Wedbush Securities Inc. now owns 4,246 shares of the technology company's stock worth $793,000 after acquiring an additional 316 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Check Point Software Technologies by 0.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 433,241 shares of the technology company's stock valued at $80,886,000 after purchasing an additional 3,369 shares during the last quarter. KCM Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $222,000. Wells Fargo & Company MN raised its stake in shares of Check Point Software Technologies by 22.3% during the fourth quarter. Wells Fargo & Company MN now owns 127,262 shares of the technology company's stock worth $23,760,000 after buying an additional 23,243 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in Check Point Software Technologies by 12.5% in the fourth quarter. Foundry Partners LLC now owns 3,538 shares of the technology company's stock valued at $661,000 after buying an additional 394 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.
Check Point Software Technologies Stock Performance
NASDAQ:CHKP traded up $3.93 during mid-day trading on Friday, hitting $217.71. The stock had a trading volume of 938,492 shares, compared to its average volume of 763,309. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 3.41 and a beta of 0.62. The company's 50 day simple moving average is $221.43 and its 200 day simple moving average is $200.68.
Analysts Set New Price Targets
Several brokerages have commented on CHKP. 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 report on Thursday, March 27th. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Truist Financial reiterated a "buy" rating and issued a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Royal Bank of Canada restated a "sector perform" rating and set a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $236.13.
View Our Latest Stock Analysis on Check Point Software Technologies
About Check Point Software Technologies
(
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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