Illinois Municipal Retirement Fund Sells 24,547 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Illinois Municipal Retirement Fund reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 61.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,368 shares of the technology company’s stock after selling 24,547 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Check Point Software Technologies were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its position in shares of Check Point Software Technologies by 10.7% during the 3rd 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 buying an additional 177,104 shares in the last quarter. FMR LLC raised its position 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 valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. Boston Trust Walden Corp lifted its stake 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 purchasing an additional 103,388 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after purchasing an additional 4,760 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Susquehanna raised their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. UBS Group lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Scotiabank upped their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $221.91.

Check Point Software Technologies Stock Down 1.9 %

NASDAQ:CHKP opened at $216.69 on Friday. The firm’s fifty day simple moving average is $200.74 and its 200 day simple moving average is $193.03. The stock has a market cap of $23.83 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02.

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.