Vanguard Group Inc. trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 305,110 shares of the technology company's stock after selling 6,877 shares during the quarter. Vanguard Group Inc. owned about 0.28% of Check Point Software Technologies worth $56,964,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Check Point Software Technologies by 14.3% during the 4th quarter. LPL Financial LLC now owns 165,243 shares of the technology company's stock worth $30,851,000 after acquiring an additional 20,676 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Check Point Software Technologies during the fourth quarter valued at $22,945,000. Sei Investments Co. lifted its position in Check Point Software Technologies by 6.0% during the fourth quarter. Sei Investments Co. now owns 504,977 shares of the technology company's stock valued at $94,279,000 after purchasing an additional 28,763 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Check Point Software Technologies by 107.2% in the 4th quarter. American Century Companies Inc. now owns 41,616 shares of the technology company's stock worth $7,770,000 after buying an additional 21,532 shares in the last quarter. Finally, HUB Investment Partners LLC increased its holdings in shares of Check Point Software Technologies by 2.2% in the 4th quarter. HUB Investment Partners LLC now owns 3,582 shares of the technology company's stock worth $669,000 after buying an additional 77 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CHKP has been the subject of several recent research reports. Robert W. Baird upgraded Check Point Software Technologies from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Stephens began coverage on Check Point Software Technologies in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $255.00 price target for the company. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Morgan Stanley began coverage on shares of Check Point Software Technologies in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $235.00 price objective on the stock. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $236.13.
Get Our Latest Report on CHKP
Check Point Software Technologies Stock Up 2.0 %
Shares of Check Point Software Technologies stock traded up $4.37 on Tuesday, reaching $224.47. The stock had a trading volume of 809,954 shares, compared to its average volume of 763,868. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The company has a 50 day moving average price of $221.49 and a 200 day moving average price of $200.91. The stock has a market capitalization of $24.69 billion, a P/E ratio of 30.05, a P/E/G ratio of 3.41 and a beta of 0.62.
Check Point Software Technologies Company Profile
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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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