Charles Schwab Investment Management Inc. Sells 20,815 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 101,931 shares of the technology company’s stock after selling 20,815 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Check Point Software Technologies were worth $19,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CHKP. CIBC Asset Management Inc lifted its holdings in Check Point Software Technologies by 4.1% during the third quarter. CIBC Asset Management Inc now owns 8,374 shares of the technology company’s stock worth $1,615,000 after acquiring an additional 329 shares during the period. Natixis Advisors LLC raised its stake in shares of Check Point Software Technologies by 6.1% in the third quarter. Natixis Advisors LLC now owns 49,726 shares of the technology company’s stock valued at $9,588,000 after buying an additional 2,876 shares during the period. Pathstone Holdings LLC raised its stake in shares of Check Point Software Technologies by 138.3% in the third quarter. Pathstone Holdings LLC now owns 19,232 shares of the technology company’s stock valued at $3,708,000 after buying an additional 11,160 shares during the period. Caprock Group LLC raised its stake in shares of Check Point Software Technologies by 3.4% in the third quarter. Caprock Group LLC now owns 4,225 shares of the technology company’s stock valued at $815,000 after buying an additional 138 shares during the period. Finally, Banque Cantonale Vaudoise raised its stake in shares of Check Point Software Technologies by 1.4% in the third quarter. Banque Cantonale Vaudoise now owns 13,981 shares of the technology company’s stock valued at $2,696,000 after buying an additional 196 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Up 0.2 %

Check Point Software Technologies stock opened at $230.32 on Thursday. The business has a 50-day simple moving average of $211.30 and a 200 day simple moving average of $196.61. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $232.37. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 3.41 and a beta of 0.62.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup boosted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. UBS Group boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Eighteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $229.86.

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.