Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 199,703 shares of the technology company’s stock after selling 8,418 shares during the period. Check Point Software Technologies accounts for approximately 2.3% of Ninety One North America Inc.’s investment portfolio, making the stock its 16th biggest holding. Ninety One North America Inc. owned approximately 0.18% of Check Point Software Technologies worth $37,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of Montreal Can increased its position in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new position in Check Point Software Technologies during the third quarter worth approximately $1,599,000. MML Investors Services LLC increased its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares during the period. Martin Investment Management LLC increased its position in Check Point Software Technologies by 2.0% during the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after buying an additional 3,225 shares during the period. Finally, Chevy Chase Trust Holdings LLC grew its stake in shares of Check Point Software Technologies by 69.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after purchasing an additional 9,580 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

CHKP has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday. UBS Group boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday. Wedbush boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $215.59.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $213.01 on Tuesday. The company has a market capitalization of $23.43 billion, a P/E ratio of 28.54, a P/E/G ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02. The stock has a 50-day moving average price of $188.67 and a 200 day moving average price of $187.97.

Check Point Software Technologies 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.