Plato Investment Management Ltd Sells 2,752 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Plato Investment Management Ltd cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,850 shares of the technology company’s stock after selling 2,752 shares during the quarter. Plato Investment Management Ltd’s holdings in Check Point Software Technologies were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its stake in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the last quarter. FMR LLC lifted its holdings in shares of Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 purchasing an additional 464,821 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after acquiring an additional 103,388 shares during the last quarter. Finally, Swedbank AB raised its stake in Check Point Software Technologies by 1.1% during the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after buying an additional 4,760 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHKP shares. StockNews.com downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Jefferies Financial Group boosted their price target on shares of 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. 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. Scotiabank upped their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Eighteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $224.86.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $221.09 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.02. The company has a market capitalization of $24.32 billion, a P/E ratio of 29.60, a PEG ratio of 3.41 and a beta of 0.65. The company’s fifty day moving average is $202.03 and its two-hundred day moving average is $193.70.

Check Point Software Technologies 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.