Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Trimmed by Meritage Portfolio Management

Meritage Portfolio Management trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,967 shares of the technology company’s stock after selling 655 shares during the period. Meritage Portfolio Management’s holdings in Check Point Software Technologies were worth $7,462,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CHKP. Choreo LLC boosted its holdings in shares of Check Point Software Technologies by 16.1% during the fourth quarter. Choreo LLC now owns 2,388 shares of the technology company’s stock worth $447,000 after purchasing an additional 332 shares during the period. Yousif Capital Management LLC grew its stake in Check Point Software Technologies by 1.7% in the fourth quarter. Yousif Capital Management LLC now owns 5,507 shares of the technology company’s stock valued at $1,028,000 after purchasing an additional 90 shares in the last quarter. Caas Capital Management LP increased its position in Check Point Software Technologies by 18.2% in the 4th quarter. Caas Capital Management LP now owns 14,300 shares of the technology company’s stock worth $2,670,000 after purchasing an additional 2,200 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after buying an additional 103,388 shares in the last quarter. Finally, S.A. Mason LLC bought a new position in Check Point Software Technologies during the fourth quarter valued at approximately $140,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.8 %

NASDAQ:CHKP opened at $212.26 on Wednesday. The stock’s fifty day simple moving average is $189.90 and its 200-day simple moving average is $188.55. The firm has a market capitalization of $23.34 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $226.02.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHKP shares. Scotiabank increased their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Piper Sandler raised their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. UBS Group boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average price target of $215.59.

About Check Point Software Technologies

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.