Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by AIMZ Investment Advisors LLC

AIMZ Investment Advisors LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,739 shares of the technology company’s stock after selling 200 shares during the period. Check Point Software Technologies comprises 1.5% of AIMZ Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest position. AIMZ Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $4,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares in the last quarter. World Investment Advisors LLC purchased a new position in Check Point Software Technologies in the third quarter valued at $51,922,000. FMR LLC increased its holdings in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after buying an additional 103,388 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.9 %

Shares of CHKP stock opened at $216.69 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock’s 50-day moving average price is $200.74 and its 200 day moving average price is $193.03. The stock has a market capitalization of $23.83 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Jefferies Financial Group raised their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday. Mizuho increased their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday. BMO Capital Markets lifted their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus increased their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $221.91.

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.