Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,348 shares of the technology company’s stock after selling 696 shares during the period. Thrivent Financial for Lutherans owned about 0.10% of Check Point Software Technologies worth $20,229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. FMR LLC lifted its stake in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after acquiring an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares in the last quarter. Boston Trust Walden Corp lifted its stake in Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after acquiring an additional 103,388 shares in the last quarter. Swedbank AB lifted its stake in Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after acquiring an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Check Point Software Technologies in the 3rd quarter worth about $51,922,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of several research analyst reports. Scotiabank increased their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Jefferies Financial Group upped their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Mizuho upped their target price 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. Finally, BMO Capital Markets upped their target price 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 given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $229.86.

Check Point Software Technologies Stock Down 0.5 %

Shares of NASDAQ:CHKP opened at $229.14 on Friday. The business has a 50 day moving average price of $212.21 and a 200 day moving average price of $196.84. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies 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.