Employees Retirement System of Texas Reduces Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Employees Retirement System of Texas decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,304 shares of the technology company’s stock after selling 8,096 shares during the quarter. Employees Retirement System of Texas’ holdings in Check Point Software Technologies were worth $39,775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHKP. Truist Financial Corp lifted its position in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after buying an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after acquiring an additional 2,478 shares in the last quarter. MML Investors Services LLC lifted its position in Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after acquiring an additional 3,655 shares during the last quarter. Hickory Asset Management Inc. acquired a new position in Check Point Software Technologies in the fourth quarter valued at $476,000. Finally, Assetmark Inc. grew its holdings in shares of Check Point Software Technologies by 44.1% during the fourth quarter. Assetmark Inc. now owns 140,943 shares of the technology company’s stock worth $26,314,000 after purchasing an additional 43,165 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CHKP. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Stifel Nicolaus boosted their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Morgan Stanley began coverage on Check Point Software Technologies in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $235.00 price objective for the company. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.13.

Check Point Software Technologies Trading Down 3.8 %

Shares of CHKP opened at $215.52 on Monday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The firm has a market capitalization of $23.70 billion, a P/E ratio of 28.85, a PEG ratio of 3.41 and a beta of 0.62. The firm’s 50-day moving average is $220.78 and its two-hundred day moving average is $199.77.

About Check Point Software Technologies

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.