Custom Index Systems LLC Sells 130 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Custom Index Systems LLC trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,983 shares of the technology company’s stock after selling 130 shares during the period. Custom Index Systems LLC’s holdings in Check Point Software Technologies were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC lifted its position in shares of Check Point Software Technologies by 3.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after purchasing an additional 57 shares during the period. Brighton Jones LLC raised its stake in Check Point Software Technologies by 5.2% in 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. Heritage Family Offices LLP lifted its holdings in Check Point Software Technologies by 1.6% during the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after buying an additional 77 shares during the period. Argonautica Private Wealth Management Inc. boosted its position in Check Point Software Technologies by 1.3% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after acquiring an additional 78 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Check Point Software Technologies by 1.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,422 shares of the technology company’s stock valued at $1,045,000 after acquiring an additional 86 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CHKP shares. Deutsche Bank Aktiengesellschaft upped their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Barclays increased their price target on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. BMO Capital Markets lifted their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday. Scotiabank boosted their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 25th. Finally, Evercore ISI upgraded shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $194.67.

Check Point Software Technologies Stock Up 0.9 %

Shares of NASDAQ:CHKP opened at $207.16 on Monday. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $210.70. The stock has a market cap of $23.39 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 3.17 and a beta of 0.62. The business has a 50-day moving average price of $195.32 and a 200-day moving average price of $174.25.

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.