Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,450 shares of the technology company’s stock after selling 850 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Check Point Software Technologies were worth $1,018,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHKP. Avantax Advisory Services Inc. grew its stake in shares of Check Point Software Technologies by 87.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,636 shares of the technology company’s stock valued at $2,919,000 after buying an additional 7,314 shares during the period. Forge First Asset Management Inc. grew its stake in shares of Check Point Software Technologies by 25.0% during the 4th quarter. Forge First Asset Management Inc. now owns 29,004 shares of the technology company’s stock valued at $5,418,000 after buying an additional 5,800 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Check Point Software Technologies by 210.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,088 shares of the technology company’s stock valued at $203,000 after buying an additional 737 shares during the period. HighTower Advisors LLC grew its stake in shares of Check Point Software Technologies by 1.4% during the 4th quarter. HighTower Advisors LLC now owns 60,802 shares of the technology company’s stock valued at $11,352,000 after buying an additional 865 shares during the period. Finally, Independent Advisor Alliance grew its stake in shares of Check Point Software Technologies by 35.9% during the 4th quarter. Independent Advisor Alliance now owns 1,430 shares of the technology company’s stock valued at $267,000 after buying an additional 378 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 2.0 %

CHKP opened at $217.99 on Thursday. The firm has a market cap of $23.98 billion, a price-to-earnings 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 fifty-two week low of $145.75 and a fifty-two week high of $230.65. The company’s 50-day moving average price is $206.90 and its 200 day moving average price is $195.36.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHKP. StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Mizuho upped their price target on shares of 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 cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Eighteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $224.86.

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.