Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Grey Fox Wealth Advisors LLC

Grey Fox Wealth Advisors LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,513 shares of the technology company’s stock after selling 69 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in Check Point Software Technologies were worth $282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in shares of Check Point Software Technologies by 4.1% during the third quarter. CIBC Asset Management Inc now owns 8,374 shares of the technology company’s stock worth $1,615,000 after buying an additional 329 shares in the last quarter. Natixis Advisors LLC grew its stake in Check Point Software Technologies by 6.1% in the 3rd quarter. Natixis Advisors LLC now owns 49,726 shares of the technology company’s stock worth $9,588,000 after acquiring an additional 2,876 shares during the period. Pathstone Holdings LLC raised its holdings in Check Point Software Technologies by 138.3% in the 3rd quarter. Pathstone Holdings LLC now owns 19,232 shares of the technology company’s stock valued at $3,708,000 after acquiring an additional 11,160 shares during the last quarter. Caprock Group LLC raised its holdings in Check Point Software Technologies by 3.4% in the 3rd quarter. Caprock Group LLC now owns 4,225 shares of the technology company’s stock valued at $815,000 after acquiring an additional 138 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in Check Point Software Technologies by 1.4% during the third quarter. Banque Cantonale Vaudoise now owns 13,981 shares of the technology company’s stock worth $2,696,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $230.32 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $232.37. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a 50 day simple moving average of $211.30 and a 200 day simple moving average of $196.61.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CHKP shares. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $235.00 to $255.00 in a research note on Thursday, February 27th. Jefferies Financial Group upped their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Mizuho boosted their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price 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.