Custom Index Systems LLC Cuts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Custom Index Systems LLC lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,983 shares of the technology company’s stock after selling 130 shares during the quarter. Custom Index Systems LLC’s holdings in Check Point Software Technologies were worth $382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Check Point Software Technologies during the second quarter valued at approximately $30,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the 1st quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $33,000. FSC Wealth Advisors LLC bought a new position in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $60,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Check Point Software Technologies by 654.4% in the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock valued at $83,000 after purchasing an additional 373 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $207.16 on Monday. The stock has a market cap of $23.39 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The firm has a 50-day moving average of $195.32 and a two-hundred day moving average of $174.25. Check Point Software Technologies Ltd. has a 1 year low of $126.57 and a 1 year high of $210.70.

Analyst Upgrades and Downgrades

Several research firms have commented on CHKP. Robert W. Baird increased their price objective on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Mizuho increased their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wedbush lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Scotiabank upped their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group lifted their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $194.67.

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.