Diamond Hill Capital Management Inc. Has $9.41 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Diamond Hill Capital Management Inc. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,395 shares of the technology company’s stock after selling 131 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Check Point Software Technologies were worth $9,409,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Apollon Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 3rd quarter worth about $334,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Check Point Software Technologies by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,273 shares of the technology company’s stock valued at $37,843,000 after buying an additional 531 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $774,000. Plato Investment Management Ltd acquired a new stake in Check Point Software Technologies during the third quarter worth approximately $1,657,000. Finally, KBC Group NV increased its stake in Check Point Software Technologies by 41.6% during the 3rd quarter. KBC Group NV now owns 122,777 shares of the technology company’s stock worth $23,673,000 after acquiring an additional 36,042 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 4.6 %

Shares of NASDAQ:CHKP opened at $224.84 on Friday. The business has a fifty day simple moving average of $208.38 and a 200 day simple moving average of $195.74. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $230.65. The firm has a market cap of $24.73 billion, a P/E ratio of 30.10, a P/E/G ratio of 3.41 and a beta of 0.62.

Wall Street Analyst Weigh In

CHKP has been the topic of several analyst reports. Wells Fargo & Company raised Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $200.00 to $280.00 in a report on Friday. Mizuho raised their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Eighteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $227.26.

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.