Skandinaviska Enskilda Banken AB publ Cuts Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 32.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 84,654 shares of the technology company's stock after selling 41,520 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.08% of Check Point Software Technologies worth $15,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after acquiring an additional 20,866 shares during the period. Truist Financial Corp boosted its position in shares of Check Point Software Technologies by 2.6% in the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after purchasing an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock worth $928,000 after purchasing an additional 2,478 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Check Point Software Technologies by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after purchasing an additional 3,655 shares in the last quarter. Finally, Hickory Asset Management Inc. bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $476,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently commented on CHKP shares. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Citigroup upped their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. The Goldman Sachs Group cut Check Point Software Technologies from a "buy" rating to a "neutral" rating and increased their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. 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, Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $228.78.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded down $0.64 during trading on Tuesday, reaching $229.75. 797,951 shares of the stock traded hands, compared to its average volume of 705,123. The company has a market capitalization of $25.27 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 3.41 and a beta of 0.62. The business has a fifty day simple moving average of $209.39 and a two-hundred day simple moving average of $196.11. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $235.13.

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.