Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 14.8% during the fourth quarter, HoldingsChannel reports. The firm owned 58,233 shares of the technology company’s stock after selling 10,079 shares during the quarter. Check Point Software Technologies comprises 2.3% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 8th largest holding. Te Ahumairangi Investment Management Ltd’s holdings in Check Point Software Technologies were worth $10,872,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies in the 4th quarter worth $25,000. GAMMA Investing LLC raised its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at approximately $35,000. Exchange Traded Concepts LLC boosted its position in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHKP shares. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. UBS Group raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Finally, Barclays upped their price objective 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. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.09.

Read Our Latest Report on CHKP

Check Point Software Technologies Trading Up 1.3 %

Shares of Check Point Software Technologies stock opened at $230.84 on Wednesday. The company has a 50 day moving average of $219.14 and a 200-day moving average of $199.11. The company has a market cap of $25.39 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36.

Check Point Software Technologies Profile

(Free Report)

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.

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