Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Lessened by Swiss National Bank

Swiss National Bank decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,900 shares of the technology company’s stock after selling 22,100 shares during the period. Swiss National Bank owned 0.22% of Check Point Software Technologies worth $45,349,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CHKP. FMR LLC raised its stake in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares in the last quarter. Boston Trust Walden Corp raised its stake in Check Point Software Technologies by 26.9% during the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after acquiring an additional 103,388 shares in the last quarter. Swedbank AB raised its stake in Check Point Software Technologies by 1.1% during the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after acquiring an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $51,922,000. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CHKP. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. UBS Group lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Baird R W upgraded Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Eighteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $227.26.

Check Point Software Technologies Trading Up 4.6 %

CHKP opened at $224.84 on Monday. The stock has a market cap of $24.73 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $230.65. The stock has a fifty day moving average price of $208.38 and a 200 day moving average price of $195.84.

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.