Corient Private Wealth LLC Has $4.57 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Corient Private Wealth LLC cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,492 shares of the technology company’s stock after selling 353 shares during the period. Corient Private Wealth LLC’s holdings in Check Point Software Technologies were worth $4,573,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gitterman Wealth Management LLC increased its holdings in Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after purchasing an additional 48 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Check Point Software Technologies by 8.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,544 shares of the technology company’s stock valued at $1,408,000 after purchasing an additional 559 shares in the last quarter. Natixis Advisors LLC increased its holdings in Check Point Software Technologies by 1.5% during the 4th quarter. Natixis Advisors LLC now owns 50,472 shares of the technology company’s stock valued at $9,423,000 after purchasing an additional 746 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Check Point Software Technologies by 10.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,084 shares of the technology company’s stock valued at $3,936,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in Check Point Software Technologies by 87.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,636 shares of the technology company’s stock valued at $2,919,000 after purchasing an additional 7,314 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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. Citigroup increased their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Wells Fargo & Company upgraded Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $200.00 to $280.00 in a research report on Friday, March 14th. UBS Group increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Seventeen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $229.86.

Check Point Software Technologies Stock Down 0.5 %

Shares of CHKP opened at $227.97 on Friday. The stock has a market capitalization of $25.07 billion, a P/E ratio of 30.52, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37. The company has a 50 day moving average of $213.13 and a 200-day moving average of $197.08.

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.