Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Decreased by Legato Capital Management LLC

Legato Capital Management LLC decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 28.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,367 shares of the technology company’s stock after selling 3,308 shares during the quarter. Legato Capital Management LLC’s holdings in Check Point Software Technologies were worth $1,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Check Point Software Technologies by 73.8% during the third 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 in the last quarter. World Investment Advisors LLC purchased a new position in Check Point Software Technologies in the third quarter valued at about $51,922,000. FMR LLC increased its position in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the last quarter. Finally, Boston Trust Walden Corp increased its position in 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 worth $90,976,000 after purchasing an additional 103,388 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 1.6 %

Shares of NASDAQ:CHKP opened at $218.52 on Wednesday. The business has a 50 day moving average price of $193.11 and a 200 day moving average price of $189.90. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The company has a market cap of $24.03 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.31 and a beta of 0.65.

Analyst Ratings Changes

Several research analysts have weighed in on CHKP shares. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Robert W. Baird dropped their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Jefferies Financial Group upped their target price on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley upped their price target on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.