Cardinal Capital Management Sells 72 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cardinal Capital Management trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,263 shares of the technology company’s stock after selling 72 shares during the period. Cardinal Capital Management’s holdings in Check Point Software Technologies were worth $1,543,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can raised its position in Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after purchasing an additional 20,866 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Check Point Software Technologies in the 3rd quarter valued at approximately $1,599,000. MML Investors Services LLC raised its holdings in Check Point Software Technologies by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after buying an additional 3,655 shares during the last quarter. McHugh Group LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth approximately $241,000. Finally, Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 0.4 %

NASDAQ CHKP opened at $222.09 on Tuesday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The business has a 50 day moving average price of $195.01 and a 200-day moving average price of $190.68. The company has a market cap of $24.43 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.31 and a beta of 0.65.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of recent research reports. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Evercore ISI upped their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Robert W. Baird cut their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $215.59.

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.