abrdn plc Sells 2,913 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

abrdn plc decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,547 shares of the technology company’s stock after selling 2,913 shares during the period. abrdn plc’s holdings in Check Point Software Technologies were worth $2,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC increased its position in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after acquiring an additional 57 shares during the period. Regatta Capital Group LLC increased its holdings in shares of Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after purchasing an additional 57 shares during the period. GAMMA Investing LLC raised its position in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Check Point Software Technologies by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after buying an additional 60 shares during the period. Finally, Brighton Jones LLC grew its position in Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHKP shares. Piper Sandler lifted their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their target price for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $212.24 on Monday. The stock has a market cap of $23.34 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. The firm has a 50 day moving average price of $191.83 and a two-hundred day moving average price of $189.34. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02.

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.