Callan Capital LLC Sells 368 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Callan Capital LLC cut its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,372 shares of the technology company’s stock after selling 368 shares during the period. Callan Capital LLC’s holdings in Check Point Software Technologies were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Regatta Capital Group LLC increased its position in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC increased its position in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after purchasing an additional 57 shares during the period. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the period. Strategic Investment Advisors MI increased its position in Check Point Software Technologies by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after purchasing an additional 60 shares during the period. Finally, Moloney Securities Asset Management LLC increased its position in Check Point Software Technologies by 1.2% during the 4th quarter. Moloney Securities Asset Management LLC now owns 5,295 shares of the technology company’s stock valued at $989,000 after purchasing an additional 65 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

CHKP opened at $216.80 on Monday. The stock has a market capitalization of $23.84 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.41 and a beta of 0.65. The company’s 50-day simple moving average is $198.23 and its two-hundred day simple moving average is $192.18. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Susquehanna upped their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus upped their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $216.95.

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.