BTC Capital Management Inc. Has $960,000 Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

BTC Capital Management Inc. cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,158 shares of the technology company’s stock after selling 343 shares during the quarter. BTC Capital Management Inc.’s holdings in Check Point Software Technologies were worth $960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its position in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares during the last quarter. FMR LLC lifted its position in 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 worth $218,488,000 after buying an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 purchasing an additional 464,821 shares during the last quarter. Swedbank AB increased its position in Check Point Software Technologies by 1.1% in the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after purchasing an additional 4,760 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Check Point Software Technologies by 8.9% in the 3rd quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock valued at $57,563,000 after purchasing an additional 24,421 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CHKP. JPMorgan Chase & Co. upped their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Friday. Piper Sandler raised their target price on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Citigroup upped their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, Wedbush lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $206.60.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $218.99 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.03. The company has a market capitalization of $24.08 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 3.19 and a beta of 0.63. The company has a fifty day moving average of $187.94 and a 200-day moving average of $187.44.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The company had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 earnings per share. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

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.