Sumitomo Mitsui DS Asset Management Company Ltd Decreases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 10,622 shares of the technology company’s stock after selling 75 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Check Point Software Technologies were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CHKP. Bank of Montreal Can boosted its holdings in shares of Check Point Software Technologies by 32.2% in the 3rd 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 last quarter. CWA Asset Management Group LLC bought a new stake in Check Point Software Technologies in the third quarter worth about $1,599,000. MML Investors Services LLC boosted its stake in Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after acquiring an additional 3,655 shares during the last quarter. Martin Investment Management LLC grew its position in shares of Check Point Software Technologies by 2.0% during the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after acquiring an additional 3,225 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Check Point Software Technologies by 69.6% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock worth $4,502,000 after purchasing an additional 9,580 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $215.00 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.02. The firm has a market cap of $23.65 billion, a PE ratio of 28.78, a PEG ratio of 3.31 and a beta of 0.65. The company has a 50 day simple moving average of $191.83 and a two-hundred day simple moving average of $189.41.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHKP. Truist Financial reissued a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Morgan Stanley boosted their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Barclays increased their target price on shares of 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. Finally, Susquehanna boosted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $215.59.

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.