Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 572,823 shares of the technology company’s stock after selling 102,725 shares during the quarter. Check Point Software Technologies comprises about 1.8% of Edmond DE Rothschild Holding S.A.’s portfolio, making the stock its 10th biggest holding. Edmond DE Rothschild Holding S.A. owned about 0.52% of Check Point Software Technologies worth $106,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC increased its stake in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its position in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after buying an additional 137 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $228.37 on Monday. The stock has a fifty day moving average of $217.58 and a 200-day moving average of $198.60. The stock has a market capitalization of $25.12 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $238.43.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Mizuho lifted their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Morgan Stanley started coverage on shares of Check Point Software Technologies in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $235.00 price objective for the company. BMO Capital Markets upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $245.00 to $275.00 in a report on Friday. Finally, Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $234.18.

About Check Point Software Technologies

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.