New York State Common Retirement Fund Lowers Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

New York State Common Retirement Fund trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 279,709 shares of the technology company’s stock after selling 18,838 shares during the quarter. New York State Common Retirement Fund owned about 0.25% of Check Point Software Technologies worth $52,222,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CHKP. Creative Planning grew its holdings in Check Point Software Technologies by 14.4% in the third quarter. Creative Planning now owns 21,184 shares of the technology company’s stock valued at $4,084,000 after purchasing an additional 2,674 shares during the period. Bleakley Financial Group LLC grew its holdings in Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after purchasing an additional 57 shares during the period. Foundations Investment Advisors LLC grew its holdings in Check Point Software Technologies by 4.8% in the third quarter. Foundations Investment Advisors LLC now owns 4,512 shares of the technology company’s stock valued at $870,000 after purchasing an additional 208 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Check Point Software Technologies by 1.6% in the third quarter. Sequoia Financial Advisors LLC now owns 5,422 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 86 shares during the period. Finally, Signaturefd LLC grew its holdings in Check Point Software Technologies by 2.8% in the third quarter. Signaturefd LLC now owns 3,210 shares of the technology company’s stock valued at $619,000 after purchasing an additional 87 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CHKP shares. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Evercore ISI boosted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Barclays boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Susquehanna boosted their price objective on shares of 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. Nineteen 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 presently has an average rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies Price Performance

CHKP opened at $222.92 on Thursday. The stock has a market capitalization of $24.52 billion, a PE ratio of 29.84, a P/E/G ratio of 3.46 and a beta of 0.65. The firm’s fifty day moving average price is $196.37 and its 200 day moving average price is $191.24. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $226.02.

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.