Asset Management One Co. Ltd. Sells 7,064 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Asset Management One Co. Ltd. lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,643 shares of the technology company’s stock after selling 7,064 shares during the period. Asset Management One Co. Ltd. owned 0.07% of Check Point Software Technologies worth $14,965,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. boosted its holdings 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 boosted its holdings in shares of Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after buying an additional 252,581 shares in the last quarter. 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% during 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 valued at $211,105,000 after buying an additional 464,821 shares in the last quarter. Boston Trust Walden Corp boosted its stake 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 worth $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Finally, Swedbank AB boosted its stake in 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. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 0.4 %

NASDAQ CHKP opened at $222.09 on Friday. The stock’s 50-day moving average price is $195.01 and its 200-day moving average price is $190.57. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The company has a market capitalization of $24.43 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHKP. Morgan Stanley upped their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Susquehanna upped their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $215.59.

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.