Plimoth Trust Co. LLC cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,334 shares of the technology company’s stock after selling 2,399 shares during the period. Plimoth Trust Co. LLC’s holdings in Check Point Software Technologies were worth $1,055,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Suntrust Banks Inc. raised its position in Check Point Software Technologies by 2.6% in the fourth quarter. Suntrust Banks Inc. now owns 21,103 shares of the technology company’s stock worth $2,166,000 after acquiring an additional 526 shares during the period. Trinity Legacy Partners LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at about $215,000. Morgan Stanley lifted its holdings in Check Point Software Technologies by 151.1% during the 3rd quarter. Morgan Stanley now owns 426,431 shares of the technology company’s stock valued at $50,180,000 after buying an additional 256,607 shares in the last quarter. One Wealth Advisors LLC raised its holdings in shares of Check Point Software Technologies by 5.3% in the 4th quarter. One Wealth Advisors LLC now owns 3,000 shares of the technology company’s stock valued at $308,000 after purchasing an additional 151 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $3,634,000. 68.03% of the stock is owned by institutional investors and hedge funds.
Shares of CHKP opened at $118.63 on Friday. The company has a market cap of $18.30 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.42 and a beta of 0.75. Check Point Software Technologies Ltd. has a 12-month low of $95.03 and a 12-month high of $132.76.
CHKP has been the subject of several recent research reports. Barclays boosted their price target on shares of Check Point Software Technologies from $120.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Credit Suisse Group reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Evercore ISI reiterated a “hold” rating and issued a $105.00 target price on shares of Check Point Software Technologies in a research note on Thursday, January 31st. Finally, Northland Securities reiterated a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research note on Monday, April 22nd. Sixteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $122.11.
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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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.
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