Kiltearn Partners LLP Reduces Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kiltearn Partners LLP decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 58.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,700 shares of the technology company’s stock after selling 61,700 shares during the period. Check Point Software Technologies comprises approximately 1.4% of Kiltearn Partners LLP’s holdings, making the stock its 27th biggest position. Kiltearn Partners LLP’s holdings in Check Point Software Technologies were worth $8,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Check Point Software Technologies during the 4th quarter valued at about $428,820,000. FMR LLC boosted its position in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Check Point Software Technologies by 73.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after buying an additional 464,821 shares during the last quarter. Sei Investments Co. boosted its stake in Check Point Software Technologies by 6.0% in the fourth quarter. Sei Investments Co. now owns 504,977 shares of the technology company’s stock valued at $94,279,000 after acquiring an additional 28,763 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in Check Point Software Technologies by 26.9% during the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after buying an additional 103,388 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP stock opened at $231.31 on Friday. The business has a fifty day moving average price of $216.77 and a 200 day moving average price of $198.20. The stock has a market capitalization of $25.44 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $233.43.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Mizuho increased their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Finally, Jefferies Financial Group raised their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $232.82.

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.