B of A Securities Downgrades Check Point Software Technologies Outlook
On October 30, 2024, Bank of America Securities changed their recommendation for Check Point Software Technologies (WBAG:CHKP) from Buy to Neutral.
Current Fund Sentiment Toward CHKP
A total of 1,117 funds or institutions currently hold positions in Check Point Software Technologies. This figure represents an increase of 36 holders, or about 3.33%, compared to the previous quarter. The average portfolio weight of all funds invested in CHKP is 0.40%, a rise of 0.74%. In the past three months, total shares owned by institutions climbed by 0.90%, amounting to 86,537K shares.
Massachusetts Financial Services owns 5,528K shares, accounting for 5.03% of the company. Previously, this firm reported holding 5,413K shares, marking an increase of 2.08%, despite decreasing its portfolio allocation in CHKP by 83.77% over the last quarter.
Acadian Asset Management holds 4,109K shares, representing 3.74% ownership. Their previous filing listed 3,717K shares, which is an increase of 9.54%. However, they have reduced their portfolio allocation in CHKP by 1.68% over the past quarter.
Ninety One UK reported holding 3,609K shares, or 3.28% of Check Point. This represents a small increase from 3,570K shares previously, with no change in their portfolio allocation over the past quarter.
Boston Partners now holds 3,572K shares, representing 3.25% ownership. This is a slight decrease from their prior holding of 3,624K shares, which is a reduction of 1.46%. They have significantly lowered their portfolio allocation in CHKP by 57.52% in the last quarter.
Lastly, Nordea Investment Management Ab own 2,350K shares, making up 2.14% of the company. They previously reported 2,675K shares, indicating a decrease of 13.82% and a reduced portfolio allocation in CHKP by 14.30% over the last quarter.
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