Check Point Software Technologies Ltd. (NASDAQ:CHKP) is Martin Investment Management LLC’s Largest Position

Martin Investment Management LLC cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 156,552 shares of the technology company’s stock after selling 6,805 shares during the quarter. Check Point Software Technologies makes up 8.0% of Martin Investment Management LLC’s portfolio, making the stock its largest holding. Martin Investment Management LLC’s holdings in Check Point Software Technologies were worth $29,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after acquiring an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after purchasing an additional 2,478 shares during the period. MML Investors Services LLC boosted its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after purchasing an additional 3,655 shares in the last quarter. Hickory Asset Management Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $476,000. Finally, Assetmark Inc. raised its stake in shares of Check Point Software Technologies by 44.1% during the 4th quarter. Assetmark Inc. now owns 140,943 shares of the technology company’s stock worth $26,314,000 after buying an additional 43,165 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.3 %

Shares of NASDAQ CHKP opened at $230.84 on Wednesday. The stock has a fifty day simple moving average of $219.14 and a 200-day simple moving average of $199.11. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The stock has a market capitalization of $25.39 billion, a PE ratio of 30.90, a PEG ratio of 3.41 and a beta of 0.62.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent analyst reports. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. StockNews.com lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Jefferies Financial Group raised their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Moderate Buy” and an average price target of $235.09.

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.