Corient Private Wealth LLC Has $4.57 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Corient Private Wealth LLC trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,492 shares of the technology company’s stock after selling 353 shares during the period. Corient Private Wealth LLC’s holdings in Check Point Software Technologies were worth $4,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. 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 buying an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Check Point Software Technologies by 73.8% in 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 grew its stake in Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Swedbank AB grew its stake in Check Point Software Technologies by 1.1% in the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after purchasing an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in Check Point Software Technologies in the third quarter valued at about $51,922,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.5 %

Check Point Software Technologies stock opened at $227.97 on Friday. The business has a 50 day moving average price of $213.13 and a two-hundred day moving average price of $197.08. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth 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 Ratings Changes

A number of research analysts have commented on CHKP shares. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Morgan Stanley started coverage on Check Point Software Technologies in a research note on Tuesday. They issued an “equal weight” rating and a $235.00 target price on the stock. Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Seventeen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.