Bank Hapoalim BM Sells 914 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bank Hapoalim BM decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,545 shares of the technology company’s stock after selling 914 shares during the period. Bank Hapoalim BM’s holdings in Check Point Software Technologies were worth $6,263,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CHKP. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at $33,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% during 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 period. Concord Wealth Partners bought a new position in Check Point Software Technologies in the 3rd quarter worth $37,000. Finally, Exchange Traded Concepts LLC raised its holdings in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Mizuho increased their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a report on Monday, January 27th. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Citigroup upped their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Performance

CHKP stock opened at $212.26 on Wednesday. The firm has a fifty day moving average price of $189.28 and a 200 day moving average price of $188.26. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The firm has a market cap of $23.34 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

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.