Heron Bay Capital Management Sells 5,592 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Heron Bay Capital Management decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,335 shares of the technology company’s stock after selling 5,592 shares during the period. Heron Bay Capital Management’s holdings in Check Point Software Technologies were worth $4,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC grew its holdings 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 purchasing an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Check Point Software Technologies by 73.8% in 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 buying an additional 464,821 shares during the period. Sei Investments Co. grew its position in shares of Check Point Software Technologies by 6.0% during the 4th quarter. Sei Investments Co. now owns 504,977 shares of the technology company’s stock worth $94,279,000 after buying an additional 28,763 shares in the last quarter. Boston Trust Walden Corp increased its holdings 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 valued at $90,976,000 after buying an additional 103,388 shares during the period. Finally, Swedbank AB raised its stake in Check Point Software Technologies by 1.1% in the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after buying an additional 4,760 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $227.97 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year 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 firm has a 50 day simple moving average of $213.13 and a 200-day simple moving average of $197.13.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHKP. Stifel Nicolaus boosted 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. BMO Capital Markets upped their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Scotiabank upped their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Citigroup raised their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company upgraded shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $200.00 to $280.00 in a research note on Friday, March 14th. Seventeen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $229.86.

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.