Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,455 shares of the technology company’s stock after selling 6,331 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Check Point Software Technologies were worth $10,727,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can increased its position in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after acquiring an additional 3,080 shares during the last quarter. MML Investors Services LLC increased its position in Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after purchasing an additional 3,655 shares in the last quarter. Hickory Asset Management Inc. acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $476,000. Finally, Assetmark Inc. lifted its holdings in Check Point Software Technologies by 44.1% in the 4th quarter. Assetmark Inc. now owns 140,943 shares of the technology company’s stock valued at $26,314,000 after purchasing an additional 43,165 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Susquehanna lifted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 27th. UBS Group increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Finally, StockNews.com lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average target price of $224.86.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $217.99 on Thursday. The business’s 50-day moving average is $206.90 and its two-hundred day moving average is $195.36. The firm has a market capitalization of $23.98 billion, a PE ratio of 29.18, 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 $230.65.

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.