Van ECK Associates Corp Has $9.61 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Van ECK Associates Corp reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,473 shares of the technology company's stock after selling 3,098 shares during the quarter. Van ECK Associates Corp's holdings in Check Point Software Technologies were worth $9,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies during the third quarter worth about $27,000. GAMMA Investing LLC lifted its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after buying an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth about $35,000. Concord Wealth Partners purchased a new position in Check Point Software Technologies during the third quarter worth about $37,000. Finally, Exchange Traded Concepts LLC lifted its position in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after buying an additional 137 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 1.9 %

CHKP traded down $4.33 on Thursday, hitting $218.75. 716,069 shares of the stock traded hands, compared to its average volume of 904,174. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The firm has a market capitalization of $24.06 billion, a PE ratio of 29.28, a P/E/G ratio of 3.43 and a beta of 0.65. The business has a fifty day moving average price of $197.07 and a two-hundred day moving average price of $191.46.

Wall Street Analyst Weigh In

CHKP has been the subject of several research analyst reports. UBS Group upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Jefferies Financial Group upped their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. BMO Capital Markets increased their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Finally, Evercore ISI increased their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $215.59.

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.