Grantham Mayo Van Otterloo & Co. LLC Has $30.73 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,589 shares of the technology company’s stock after selling 8,877 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.15% of Check Point Software Technologies worth $30,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Gitterman Wealth Management LLC boosted its holdings in Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in shares of Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after buying an additional 56 shares during the last quarter. Regatta Capital Group LLC grew its holdings in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after acquiring an additional 57 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after acquiring an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHKP. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Stifel Nicolaus raised their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, January 31st. BMO Capital Markets raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $245.00 to $275.00 in a research report on Friday, March 28th. Morgan Stanley began coverage on shares of Check Point Software Technologies in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $235.00 target price for the company. Finally, Barclays lifted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.13.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $215.52 on Friday. The company has a market capitalization of $23.70 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The business’s fifty day moving average is $220.78 and its 200 day moving average is $199.70.

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.