Boston Partners Trims Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Boston Partners trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,518,090 shares of the technology company’s stock after selling 56,722 shares during the quarter. Check Point Software Technologies comprises approximately 0.8% of Boston Partners’ holdings, making the stock its 24th biggest position. Boston Partners owned about 3.20% of Check Point Software Technologies worth $656,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC boosted its stake in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its stake in Check Point Software Technologies by 370.6% in the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after purchasing an additional 189 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 2.5 %

Shares of NASDAQ CHKP opened at $230.39 on Tuesday. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $235.13. The company has a 50 day simple moving average of $209.39 and a two-hundred day simple moving average of $196.11. The stock has a market cap of $25.34 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 3.41 and a beta of 0.62.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. UBS Group increased 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. StockNews.com lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Eighteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $227.26.

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.