Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Holdings Lifted by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,822,787 shares of the technology company’s stock after acquiring an additional 269,925 shares during the quarter. First Trust Advisors LP owned 1.66% of Check Point Software Technologies worth $340,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $25,000. GAMMA Investing LLC raised its position 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 valued at $32,000 after buying an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies during the fourth quarter valued at $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC grew its stake in 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 acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CHKP. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. Stephens started coverage on Check Point Software Technologies in a research note on Tuesday, April 1st. They issued an “equal weight” rating and a $255.00 target price on the stock. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.50.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $214.96 on Friday. The company’s fifty day moving average is $221.71 and its two-hundred day moving average is $201.50. The firm has a market capitalization of $23.64 billion, a price-to-earnings ratio of 28.78, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36.

About Check Point Software Technologies

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.