Bank Hapoalim BM Sells 914 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bank Hapoalim BM trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 33,545 shares of the technology company’s stock after selling 914 shares during the quarter. Bank Hapoalim BM’s holdings in Check Point Software Technologies were worth $6,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the third quarter valued at about $27,000. GAMMA Investing LLC grew its stake in shares of 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 last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies during the third quarter worth about $33,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the third quarter worth about $37,000. Finally, Exchange Traded Concepts LLC boosted its position in Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after buying an additional 137 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley upped their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Royal Bank of Canada boosted their target price on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $215.59.

Check Point Software Technologies Stock Down 0.8 %

Check Point Software Technologies stock opened at $212.26 on Wednesday. The firm has a market cap of $23.34 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The company’s 50 day moving average is $189.28 and its two-hundred day moving average is $188.26.

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.