Mitsubishi UFJ Trust & Banking Corp Sells 23,004 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 246,519 shares of the technology company’s stock after selling 23,004 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Check Point Software Technologies were worth $46,025,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after acquiring an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Check Point Software Technologies by 73.8% in the 3rd 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 worth $211,105,000 after acquiring an additional 464,821 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Check Point Software Technologies by 6.0% during the fourth quarter. Sei Investments Co. now owns 504,977 shares of the technology company’s stock worth $94,279,000 after purchasing an additional 28,763 shares during the last quarter. Boston Trust Walden Corp increased its position in Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after acquiring an additional 103,388 shares in the last quarter. Finally, Sound Shore Management Inc. CT raised its position in Check Point Software Technologies by 42.3% in the 4th quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock worth $89,408,000 after purchasing an additional 142,328 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.1 %

Shares of NASDAQ:CHKP opened at $230.58 on Wednesday. The firm has a 50 day moving average of $214.99 and a 200-day moving average of $197.76. The stock has a market capitalization of $25.36 billion, a PE ratio of 30.87, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $232.37.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of research reports. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Stifel Nicolaus increased their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $235.00 to $255.00 in a report on Thursday, February 27th. Finally, BMO Capital Markets raised their price target on 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. Seventeen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $229.86.

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.