Achmea Investment Management B.V. Sells 38,746 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Achmea Investment Management B.V. reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 34.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 74,415 shares of the technology company’s stock after selling 38,746 shares during the period. Achmea Investment Management B.V.’s holdings in Check Point Software Technologies were worth $13,893,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of CHKP. FMR LLC lifted its position in shares of Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $211,105,000 after buying an additional 464,821 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Check Point Software Technologies by 26.9% during the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after buying an additional 103,388 shares in the last quarter. Swedbank AB boosted its stake in shares of 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 buying an additional 4,760 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $51,922,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.4 %

Check Point Software Technologies stock opened at $214.90 on Friday. The business has a 50-day simple moving average of $207.51 and a 200 day simple moving average of $195.49. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $230.65. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 3.41 and a beta of 0.62.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent analyst reports. Mizuho lifted their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Barclays lifted their target price on 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. UBS Group boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Stifel Nicolaus raised their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Eighteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $224.86.

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.