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

Charles Schwab Investment Management Inc. cut its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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. owned 0.09% of Check Point Software Technologies worth $19,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Check Point Software Technologies by 73.8% during the 3rd 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. Boston Trust Walden Corp boosted its position in 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 buying an additional 103,388 shares during the period. Swedbank AB boosted its position in Check Point Software Technologies by 1.1% during the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after buying an additional 4,760 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $51,922,000. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CHKP shares. Arete Research upgraded shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, BMO Capital Markets boosted their price target on shares of 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. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Trading Up 0.2 %

Shares of CHKP stock opened at $230.32 on Thursday. The firm has a market capitalization of $25.33 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The firm has a fifty day simple moving average of $211.30 and a two-hundred day simple moving average of $196.61. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $232.37.

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.