Vinva Investment Management Ltd Sells 939 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vinva Investment Management Ltd lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,990 shares of the technology company’s stock after selling 939 shares during the quarter. Vinva Investment Management Ltd’s holdings in Check Point Software Technologies were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Gitterman Wealth Management LLC increased its stake in Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after acquiring an additional 48 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Check Point Software Technologies by 8.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,544 shares of the technology company’s stock valued at $1,408,000 after buying an additional 559 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Check Point Software Technologies by 1.5% during the fourth quarter. Natixis Advisors LLC now owns 50,472 shares of the technology company’s stock valued at $9,423,000 after buying an additional 746 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Check Point Software Technologies by 10.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,084 shares of the technology company’s stock valued at $3,936,000 after buying an additional 2,006 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of Check Point Software Technologies by 87.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 15,636 shares of the technology company’s stock valued at $2,919,000 after buying an additional 7,314 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Truist Financial reaffirmed a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Seventeen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $229.86.

Check Point Software Technologies Stock Down 0.5 %

Shares of CHKP opened at $227.97 on Friday. The company has a market capitalization of $25.07 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The firm has a 50 day moving average of $213.13 and a 200 day moving average of $197.08. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37.

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.