Artisan Partners Limited Partnership Sells 3,553 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Artisan Partners Limited Partnership lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,018 shares of the technology company’s stock after selling 3,553 shares during the period. Artisan Partners Limited Partnership’s holdings in Check Point Software Technologies were worth $39,584,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Check Point Software Technologies by 28.7% during the 3rd 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 lifted its holdings in Check Point Software Technologies by 73.8% in 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 worth $211,105,000 after buying an additional 464,821 shares during the period. Sei Investments Co. boosted its position in Check Point Software Technologies by 6.0% during the 4th quarter. Sei Investments Co. now owns 504,977 shares of the technology company’s stock valued at $94,279,000 after acquiring an additional 28,763 shares in the last quarter. Boston Trust Walden Corp grew its holdings 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 acquiring an additional 103,388 shares during the period. Finally, Sound Shore Management Inc. CT raised its position in shares of Check Point Software Technologies by 42.3% in the 4th quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock worth $89,408,000 after acquiring an additional 142,328 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup lifted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. BMO Capital Markets upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $245.00 to $275.00 in a research note on Friday. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, Bank of America raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $230.00 to $260.00 in a research note on Thursday. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $234.18.

Check Point Software Technologies Stock Down 1.3 %

CHKP opened at $228.37 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The firm has a 50 day moving average price of $217.58 and a 200-day moving average price of $198.48. The stock has a market capitalization of $25.12 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.41 and a beta of 0.62.

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.