Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Argent Trust Co

Argent Trust Co lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,067 shares of the technology company’s stock after purchasing an additional 1,519 shares during the period. Argent Trust Co’s holdings in Check Point Software Technologies were worth $2,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $428,820,000. Clearbridge Investments LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at $100,456,000. Raymond James Financial Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $38,558,000. Pictet Asset Management Holding SA lifted its holdings in Check Point Software Technologies by 148.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 345,173 shares of the technology company’s stock worth $64,444,000 after buying an additional 206,294 shares during the last quarter. Finally, Sound Shore Management Inc. CT boosted its position in shares of Check Point Software Technologies by 42.3% during the 4th quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock worth $89,408,000 after acquiring an additional 142,328 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHKP. Mizuho upped their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Susquehanna increased their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. StockNews.com raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Barclays raised their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.13.

Check Point Software Technologies Stock Down 2.6 %

Shares of CHKP opened at $213.78 on Friday. The company has a 50-day simple moving average of $221.32 and a 200-day simple moving average of $200.52. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The company has a market capitalization of $23.51 billion, a PE ratio of 28.62, a P/E/G ratio of 3.41 and a beta of 0.62.

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.