Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 44.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,785 shares of the technology company’s stock after selling 6,300 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Check Point Software Technologies were worth $1,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 worth $211,105,000 after acquiring an additional 464,821 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter worth about $51,922,000. FMR LLC raised its position in shares of 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 worth $218,488,000 after acquiring an additional 252,581 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth about $38,558,000. Finally, Boston Trust Walden Corp increased its position in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after buying an additional 103,388 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CHKP shares. Stifel Nicolaus lifted their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Wells Fargo & Company raised Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $200.00 to $280.00 in a research report on Friday, March 14th. Royal Bank of Canada reaffirmed 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. Robert W. Baird raised 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Seventeen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Stock Down 0.5 %

NASDAQ CHKP opened at $227.97 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $232.37. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a fifty day moving average of $213.13 and a 200-day moving average of $197.08.

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.