Thrivent Financial for Lutherans Sells 696 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Thrivent Financial for Lutherans lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 108,348 shares of the technology company’s stock after selling 696 shares during the period. Thrivent Financial for Lutherans’ holdings in Check Point Software Technologies were worth $20,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the period. Truist Financial Corp lifted its position 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 buying an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in shares of Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after buying an additional 2,478 shares during the period. MML Investors Services LLC lifted its position in shares of Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares during the period. Finally, Hickory Asset Management Inc. bought a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $476,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 0.5 %

Shares of Check Point Software Technologies stock opened at $229.14 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $232.37. The business has a fifty day simple moving average of $212.21 and a 200 day simple moving average of $196.84. The stock has a market cap of $25.20 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHKP shares. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. UBS Group raised their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. BMO Capital Markets raised their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Susquehanna raised their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group raised their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Eighteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $229.86.

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.