United Community Bank Trims Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

United Community Bank trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,820 shares of the technology company’s stock after selling 60 shares during the quarter. United Community Bank’s holdings in Check Point Software Technologies were worth $526,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CHKP. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies during the third quarter worth about $27,000. GAMMA Investing LLC grew its holdings in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth about $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC grew its holdings in 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 acquiring an additional 137 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CHKP shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $235.00 to $255.00 in a report on Thursday, February 27th. UBS Group raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Arete Research raised Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Seventeen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $230.20 on Friday. The stock’s fifty day moving average is $204.80 and its two-hundred day moving average is $194.69. The firm has a market capitalization of $25.32 billion, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $230.65.

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.