Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Amundi

Amundi lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,527 shares of the technology company’s stock after selling 18,418 shares during the quarter. Amundi’s holdings in Check Point Software Technologies were worth $45,711,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies in the third quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in Check Point Software Technologies by 53.1% in the 4th 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. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth $35,000. Strategic Financial Concepts LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $217.99 on Thursday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $230.65. The company has a market capitalization of $23.98 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company has a 50-day simple moving average of $206.90 and a 200 day simple moving average of $195.36.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Susquehanna raised their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Mizuho raised their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Truist Financial reissued a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, BMO Capital Markets raised their price objective on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Eighteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $224.86.

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.