Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 44.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,785 shares of the technology company’s stock after selling 6,300 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Check Point Software Technologies were worth $1,453,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gitterman Wealth Management LLC raised its stake in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after purchasing an additional 48 shares during the last quarter. Argonautica Private Wealth Management Inc. increased 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 acquiring an additional 56 shares during the last quarter. Regatta Capital Group LLC increased its stake in shares of Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after acquiring an additional 57 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after acquiring an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Check Point Software Technologies by 53.1% in the 4th 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 last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $227.97 on Friday. The stock has a 50-day simple moving average of $213.13 and a 200-day simple moving average of $197.08. The stock has a market capitalization of $25.07 billion, a PE ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $232.37.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CHKP shares. StockNews.com raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Susquehanna raised their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, UBS Group increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.