Korea Investment CORP Sells 600 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Korea Investment CORP lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,066 shares of the technology company’s stock after selling 600 shares during the period. Korea Investment CORP’s holdings in Check Point Software Technologies were worth $6,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CHKP. World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $51,922,000. FMR LLC increased its holdings in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $38,558,000. Sound Shore Management Inc. CT boosted its stake in Check Point Software Technologies by 42.3% during the fourth quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock valued at $89,408,000 after buying an additional 142,328 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Check Point Software Technologies during the 4th quarter valued at approximately $22,945,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 0.2 %

Shares of NASDAQ:CHKP opened at $227.92 on Tuesday. The business’s 50 day moving average is $218.38 and its 200 day moving average is $198.86. The stock has a market cap of $25.07 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36.

Analysts Set New Price Targets

Several analysts have recently issued reports on CHKP shares. Susquehanna upped their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Bank of America raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $230.00 to $260.00 in a research note on Thursday, March 27th. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Finally, Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $234.18.

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.