Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,018 shares of the technology company’s stock after selling 333 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Check Point Software Technologies were worth $4,297,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of Check Point Software Technologies by 10.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares during the period. FMR LLC grew its holdings in Check Point Software Technologies by 28.7% during the third 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Check Point Software Technologies by 73.8% during the third 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 during the period. Boston Trust Walden Corp grew 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 worth $90,976,000 after acquiring an additional 103,388 shares during the period. Finally, Swedbank AB grew its holdings in Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after acquiring an additional 4,760 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHKP. Royal Bank of Canada lifted their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Barclays lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird dropped their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies Stock Down 0.7 %

Shares of NASDAQ CHKP opened at $220.46 on Wednesday. The company has a market cap of $24.25 billion, a P/E ratio of 29.51, a P/E/G ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02. The business’s 50 day moving average is $195.70 and its two-hundred day moving average is $190.96.

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.