Greenleaf Trust Has $716,000 Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Greenleaf Trust reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 39.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,835 shares of the technology company’s stock after selling 2,549 shares during the quarter. Greenleaf Trust’s holdings in Check Point Software Technologies were worth $716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at about $27,000. GAMMA Investing LLC grew its position in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at about $33,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after purchasing an additional 137 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 0.8 %

NASDAQ CHKP opened at $212.26 on Wednesday. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 3.41 and a beta of 0.65. The company has a 50 day moving average of $189.28 and a 200-day moving average of $188.26. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02.

Wall Street Analysts Forecast Growth

CHKP has been the subject of several research reports. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. BMO Capital Markets increased their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday. Mizuho increased their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Wedbush increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Nineteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies Company 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.