Nomura Asset Management Co. Ltd. Decreases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Nomura Asset Management Co. Ltd. cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,346 shares of the technology company’s stock after selling 150 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Check Point Software Technologies were worth $6,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gitterman Wealth Management LLC raised its holdings in Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its stake in shares of Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after buying an additional 56 shares during the last quarter. Regatta Capital Group LLC boosted its position in shares of Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after buying an additional 57 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after acquiring an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Scotiabank upped their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. BMO Capital Markets raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $245.00 to $275.00 in a research note on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $234.18.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $227.92 on Tuesday. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The business’s 50-day simple moving average is $218.38 and its 200 day simple moving average is $198.86.

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.