Leuthold Group LLC Sells 1,084 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Leuthold Group LLC lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 33,416 shares of the technology company’s stock after selling 1,084 shares during the quarter. Leuthold Group LLC’s holdings in Check Point Software Technologies were worth $6,443,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHKP. Tidal Investments LLC purchased a new position in Check Point Software Technologies during the 1st quarter valued at about $6,558,000. Quantbot Technologies LP purchased a new stake in Check Point Software Technologies during the first quarter worth $1,095,000. Allspring Global Investments Holdings LLC boosted its position in Check Point Software Technologies by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after acquiring an additional 7,357 shares in the last quarter. M&G Plc increased its holdings in shares of Check Point Software Technologies by 10.0% in the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after acquiring an additional 9,830 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Check Point Software Technologies in the 1st quarter worth $2,928,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on CHKP shares. Royal Bank of Canada lifted their target price on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. BMO Capital Markets boosted their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday. Scotiabank raised their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 25th. Barclays upped their price target on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $194.67.

Check Point Software Technologies Stock Up 0.9 %

Shares of CHKP opened at $207.16 on Monday. The stock’s 50-day moving average price is $195.32 and its 200-day moving average price is $174.25. The company has a market capitalization of $23.39 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $210.70.

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.