Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 667,848 shares of the technology company’s stock after selling 135,887 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.61% of Check Point Software Technologies worth $124,687,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of Montreal Can increased its stake 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 valued at $16,532,000 after purchasing an additional 20,866 shares in the last quarter. Truist Financial Corp increased its position in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after buying an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after buying an additional 2,478 shares during the period. MML Investors Services LLC lifted its position in shares of Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after buying an additional 3,655 shares in the last quarter. Finally, Hickory Asset Management Inc. acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $476,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CHKP shares. UBS Group upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research note on Monday, January 27th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $234.18.

Check Point Software Technologies Stock Down 1.3 %

NASDAQ:CHKP opened at $228.37 on Monday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $238.43. The stock’s fifty day moving average is $217.58 and its two-hundred day moving average is $198.60. The company has a market capitalization of $25.12 billion, a P/E ratio of 30.57, a P/E/G ratio of 3.41 and a beta of 0.62.

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.