Earnest Partners LLC Trims Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Earnest Partners LLC lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,864 shares of the technology company’s stock after selling 14,097 shares during the quarter. Earnest Partners LLC owned approximately 0.61% of Check Point Software Technologies worth $124,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $25,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Check Point Software Technologies by 142.7% during 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. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Compass Point set a $260.00 target price on Check Point Software Technologies in a research note on Thursday, March 27th. StockNews.com lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and set a $240.00 price target on shares of Check Point Software Technologies in a research note on Thursday. Finally, Barclays boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Eighteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $232.04.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $206.55 on Friday. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The stock’s 50-day simple moving average is $220.45 and its 200-day simple moving average is $202.00.

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.