Easterly Investment Partners LLC Cuts Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Easterly Investment Partners LLC cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 41.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,099 shares of the technology company’s stock after selling 25,656 shares during the quarter. Easterly Investment Partners LLC’s holdings in Check Point Software Technologies were worth $6,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in shares of Check Point Software Technologies by 34.2% during the 3rd quarter. Cerity Partners LLC now owns 5,304 shares of the technology company’s stock worth $1,023,000 after purchasing an additional 1,353 shares during the period. Kingsview Wealth Management LLC grew its stake in Check Point Software Technologies by 9.0% during the third quarter. Kingsview Wealth Management LLC now owns 1,834 shares of the technology company’s stock worth $354,000 after buying an additional 152 shares during the period. Larson Financial Group LLC increased its position in shares of Check Point Software Technologies by 21.5% in the third quarter. Larson Financial Group LLC now owns 1,087 shares of the technology company’s stock worth $210,000 after acquiring an additional 192 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Check Point Software Technologies by 36.4% in the third quarter. Centaurus Financial Inc. now owns 2,543 shares of the technology company’s stock worth $490,000 after acquiring an additional 678 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Check Point Software Technologies by 4.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,855 shares of the technology company’s stock valued at $1,707,000 after acquiring an additional 367 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $227.87 on Thursday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $232.66. The company has a 50-day moving average of $215.88 and a two-hundred day moving average of $197.97. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 3.41 and a beta of 0.62.

Analyst Ratings Changes

CHKP has been the subject of several recent research reports. Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price target on 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. Barclays increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $229.86.

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.