Te Ahumairangi Investment Management Ltd Decreases Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Te Ahumairangi Investment Management Ltd lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,233 shares of the technology company's stock after selling 10,079 shares during the quarter. Check Point Software Technologies accounts for about 2.3% of Te Ahumairangi Investment Management Ltd's holdings, making the stock its 8th biggest position. Te Ahumairangi Investment Management Ltd owned approximately 0.05% of Check Point Software Technologies worth $10,872,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Check Point Software Technologies by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 849,546 shares of the technology company's stock valued at $158,035,000 after buying an additional 27,267 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $25,000. National Bank of Canada FI grew its position in Check Point Software Technologies by 35.6% in the fourth quarter. National Bank of Canada FI now owns 1,979 shares of the technology company's stock worth $369,000 after acquiring an additional 520 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Check Point Software Technologies by 14.4% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,387 shares of the technology company's stock valued at $259,000 after purchasing an additional 175 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Check Point Software Technologies by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 173,289 shares of the technology company's stock valued at $32,353,000 after purchasing an additional 6,648 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

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Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded down $8.50 during trading on Friday, hitting $215.52. 1,263,663 shares of the company's stock traded hands, compared to its average volume of 745,459. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a market cap of $23.70 billion, a PE ratio of 28.85, a PEG ratio of 3.41 and a beta of 0.62. The firm's fifty day moving average price is $220.78 and its 200 day moving average price is $199.70.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Arete Research raised shares of Check Point Software Technologies to a "hold" rating in a research report on Monday, February 24th. Compass Point set a $260.00 price objective on Check Point Software Technologies in a report on Thursday, March 27th. The Goldman Sachs Group lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Susquehanna lifted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a research report on Friday, January 31st. Finally, Barclays boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Sixteen 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $236.13.

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.