Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,193,357 shares of the technology company’s stock after selling 67,759 shares during the quarter. Nordea Investment Management AB’s holdings in Check Point Software Technologies were worth $410,432,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC lifted its holdings in Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after buying an additional 57 shares during the last quarter. GAMMA Investing LLC lifted its stake in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Brighton Jones LLC boosted its holdings in Check Point Software Technologies by 5.2% in the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after purchasing an additional 66 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Check Point Software Technologies by 1.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 66 shares during the last quarter. Finally, HF Advisory Group LLC grew its position in shares of Check Point Software Technologies by 1.2% in the 3rd quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock valued at $1,169,000 after buying an additional 73 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CHKP. Wedbush boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $204.00 to $207.00 in a research report on Thursday. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Finally, Truist Financial increased their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $199.45.

Check Point Software Technologies Stock Down 1.7 %

Shares of NASDAQ CHKP opened at $181.40 on Monday. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70. The firm has a 50-day moving average price of $182.74 and a 200 day moving average price of $184.31.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.80 EPS. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Check Point Software Technologies 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.