Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 58.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,700 shares of the technology company’s stock after selling 61,700 shares during the period. Check Point Software Technologies comprises about 1.4% of Kiltearn Partners LLP’s portfolio, making the stock its 27th biggest position. Kiltearn Partners LLP’s holdings in Check Point Software Technologies were worth $8,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. Bank of Montreal Can boosted its holdings in shares of Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after acquiring an additional 20,866 shares in the last quarter. Truist Financial Corp grew its holdings in Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after buying an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after purchasing an additional 2,478 shares in the last quarter. MML Investors Services LLC raised its position 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 buying an additional 3,655 shares during the last quarter. Finally, Hickory Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $476,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 1.5 %

NASDAQ:CHKP opened at $231.31 on Friday. The firm has a market capitalization of $25.44 billion, a P/E ratio of 30.97, a P/E/G 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 $233.43. The company has a fifty day moving average of $216.77 and a 200 day moving average of $198.20.

Wall Street Analyst Weigh In

CHKP has been the subject of several research reports. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. UBS Group raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Finally, Bank of America upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $230.00 to $260.00 in a report on Thursday. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $232.82.

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.