Vinva Investment Management Ltd Sells 939 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vinva Investment Management Ltd lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,990 shares of the technology company’s stock after selling 939 shares during the period. Vinva Investment Management Ltd’s holdings in Check Point Software Technologies were worth $373,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CHKP. Gitterman Wealth Management LLC grew its position in shares of Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after acquiring an additional 48 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Check Point Software Technologies by 8.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,544 shares of the technology company’s stock valued at $1,408,000 after buying an additional 559 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Check Point Software Technologies by 1.5% during the 4th quarter. Natixis Advisors LLC now owns 50,472 shares of the technology company’s stock valued at $9,423,000 after buying an additional 746 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Check Point Software Technologies by 10.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,084 shares of the technology company’s stock worth $3,936,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Check Point Software Technologies by 87.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,636 shares of the technology company’s stock worth $2,919,000 after purchasing an additional 7,314 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CHKP. Wells Fargo & Company upgraded shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $200.00 to $280.00 in a research note on Friday, March 14th. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $235.00 to $255.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $229.86.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $227.97 on Friday. The company has a 50 day moving average price of $213.13 and a 200-day moving average price of $197.08. 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 capitalization of $25.07 billion, a PE ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62.

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.