Moors & Cabot Inc. Sells 369 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Moors & Cabot Inc. trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,076 shares of the technology company’s stock after selling 369 shares during the period. Moors & Cabot Inc.’s holdings in Check Point Software Technologies were worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance lifted its holdings in shares of Check Point Software Technologies by 35.9% in the fourth quarter. Independent Advisor Alliance now owns 1,430 shares of the technology company’s stock valued at $267,000 after purchasing an additional 378 shares in the last quarter. Meriwether Wealth & Planning LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $216,000. Daiwa Securities Group Inc. increased its position in shares of Check Point Software Technologies by 2.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,097 shares of the technology company’s stock valued at $1,698,000 after acquiring an additional 242 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $231,000. Finally, Intellectus Partners LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $280,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 2.0 %

Shares of CHKP stock opened at $217.99 on Thursday. The stock has a market cap of $23.98 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The stock has a 50 day simple moving average of $206.90 and a 200 day simple moving average of $195.36. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $230.65.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Truist Financial reissued a “buy” rating and set a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Citigroup boosted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Eighteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $224.86.

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.