Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,259,612 shares of the technology company’s stock after selling 58,661 shares during the quarter. Massachusetts Financial Services Co. MA owned about 4.78% of Check Point Software Technologies worth $981,970,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Check Point Software Technologies by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 849,546 shares of the technology company’s stock valued at $158,035,000 after acquiring an additional 27,267 shares during the period. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $25,000. National Bank of Canada FI boosted its holdings in Check Point Software Technologies by 35.6% during the fourth quarter. National Bank of Canada FI now owns 1,979 shares of the technology company’s stock worth $369,000 after buying an additional 520 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in Check Point Software Technologies by 14.4% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,387 shares of the technology company’s stock worth $259,000 after buying an additional 175 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Check Point Software Technologies by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 173,289 shares of the technology company’s stock valued at $32,353,000 after buying an additional 6,648 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $230.84 on Wednesday. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The stock’s 50-day moving average is $219.14 and its 200-day moving average is $199.11.

Analysts Set New Price Targets

CHKP has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus upped their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Scotiabank increased 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 research note on Friday, January 31st. Finally, Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $235.09.

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.