Handelsbanken Fonder AB Acquires 1,838 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Handelsbanken Fonder AB grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.6% during the 4th quarter, Holdings Channel reports. The fund owned 23,307 shares of the technology company’s stock after buying an additional 1,838 shares during the period. Handelsbanken Fonder AB’s holdings in Check Point Software Technologies were worth $4,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CHKP. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $27,000. GAMMA Investing LLC raised its position in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $37,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after purchasing an additional 137 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 1.0 %

Shares of CHKP opened at $216.80 on Monday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $226.02. The firm has a 50-day moving average price of $198.23 and a 200 day moving average price of $192.18. The firm has a market capitalization of $23.84 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.41 and a beta of 0.65.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHKP shares. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Robert W. Baird set a $235.00 price target on shares of Check Point Software Technologies in a research note on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Evercore ISI lifted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average price target of $216.95.

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.