Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.3% during the fourth quarter, Holdings Channel reports. The firm owned 279,709 shares of the technology company’s stock after selling 18,838 shares during the quarter. New York State Common Retirement Fund’s holdings in Check Point Software Technologies were worth $52,222,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth $1,599,000. MML Investors Services LLC raised its holdings in shares of Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after purchasing an additional 3,655 shares during the period. McHugh Group LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $241,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $35,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $222.92 on Thursday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 3.46 and a beta of 0.65. The firm’s 50 day moving average price is $196.37 and its two-hundred day moving average price is $191.24.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Robert W. Baird lowered their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. UBS Group upped their price target on shares of 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. Citigroup upped their price target on shares of 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, Royal Bank of Canada increased their target price on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $215.59.

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.