Blueshift Asset Management LLC Sells 1,590 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Blueshift Asset Management LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 58.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,151 shares of the technology company’s stock after selling 1,590 shares during the period. Blueshift Asset Management LLC’s holdings in Check Point Software Technologies were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. FSA Wealth Management LLC bought a new position in Check Point Software Technologies during the 3rd quarter valued at about $27,000. GAMMA Investing LLC grew its stake in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $35,000. 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 acquiring an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC boosted its holdings in Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $227.97 on Friday. The business has a fifty day moving average price of $213.13 and a 200-day moving average price of $197.13. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $232.37. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. UBS Group raised their target price 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. Finally, Citigroup boosted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $229.86.

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.