Mitsubishi UFJ Trust & Banking Corp Has $46.03 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,519 shares of the technology company’s stock after selling 23,004 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.22% of Check Point Software Technologies worth $46,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHKP. TIAA Trust National Association increased its position in shares of Check Point Software Technologies by 16.2% in the fourth quarter. TIAA Trust National Association now owns 2,098 shares of the technology company’s stock worth $392,000 after acquiring an additional 292 shares in the last quarter. Sound Shore Management Inc. CT raised its stake in Check Point Software Technologies by 42.3% during the 4th quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock valued at $89,408,000 after purchasing an additional 142,328 shares during the period. Twin City Private Wealth LLC lifted its holdings in shares of Check Point Software Technologies by 2.7% in the fourth quarter. Twin City Private Wealth LLC now owns 5,744 shares of the technology company’s stock valued at $1,072,000 after purchasing an additional 150 shares in the last quarter. LPL Financial LLC boosted its position in shares of Check Point Software Technologies by 14.3% in the fourth quarter. LPL Financial LLC now owns 165,243 shares of the technology company’s stock worth $30,851,000 after buying an additional 20,676 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at $22,945,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $230.58 on Wednesday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $232.37. The firm has a market capitalization of $25.36 billion, a PE ratio of 30.87, a PEG ratio of 3.41 and a beta of 0.62. The business’s 50-day simple moving average is $214.99 and its 200-day simple moving average is $197.76.

Analyst Ratings Changes

CHKP has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective 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. Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Barclays upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Susquehanna increased their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Seventeen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $229.86.

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.