DnB Asset Management AS Has $284.32 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

DnB Asset Management AS lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,522,871 shares of the technology company’s stock after selling 251,187 shares during the quarter. Check Point Software Technologies makes up 1.2% of DnB Asset Management AS’s holdings, making the stock its 10th biggest position. DnB Asset Management AS owned about 1.38% of Check Point Software Technologies worth $284,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CHKP. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter worth about $27,000. GAMMA Investing LLC boosted 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 period. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies during the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after buying an additional 137 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 1.5 %

CHKP opened at $231.31 on Friday. The company has a fifty day moving average price of $216.77 and a two-hundred day moving average price of $198.20. The company has a market cap of $25.44 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $233.43.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. 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 note on Monday, February 3rd. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $232.82.

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.