Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,619 shares of the technology company’s stock after purchasing an additional 1,523 shares during the quarter. NewEdge Wealth LLC’s holdings in Check Point Software Technologies were worth $4,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. grew its stake in shares of Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the period. FMR LLC grew its stake in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares during the last quarter. Boston Trust Walden Corp grew its stake in Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after acquiring an additional 103,388 shares during the last quarter. Finally, Swedbank AB grew its stake in Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after acquiring an additional 4,760 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $216.69 on Friday. The firm has a market cap of $23.83 billion, a P/E ratio of 29.01, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02. The firm’s 50-day simple moving average is $200.74 and its 200-day simple moving average is $193.03.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research reports. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Barclays increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Mizuho increased their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Check Point Software Technologies in a research note on Thursday. Eighteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $221.91.

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.