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

Plato Investment Management Ltd lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,850 shares of the technology company’s stock after selling 2,752 shares during the period. Plato Investment Management Ltd’s holdings in Check Point Software Technologies were worth $1,096,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at about $1,599,000. Truist Financial Corp lifted its stake in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after purchasing an additional 3,080 shares during the period. MML Investors Services LLC lifted its stake in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after purchasing an additional 3,655 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Check Point Software Technologies by 14.5% in the fourth quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company’s stock valued at $1,790,000 after purchasing an additional 1,215 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CHKP shares. Truist Financial reiterated a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research note on Monday, January 27th. Stifel Nicolaus raised their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Susquehanna raised their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $224.86.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $221.09 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.02. The firm has a 50 day moving average price of $202.03 and a 200 day moving average price of $193.70. The company has a market cap of $24.32 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 3.41 and a beta of 0.65.

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.