Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Boosted by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,604 shares of the technology company’s stock after purchasing an additional 87 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in Check Point Software Technologies were worth $4,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CHKP. APG Asset Management N.V. raised its holdings in Check Point Software Technologies by 30.7% during the 4th quarter. APG Asset Management N.V. now owns 173,303 shares of the technology company’s stock worth $31,246,000 after buying an additional 40,726 shares during the period. Advisory Services Network LLC increased its position in shares of Check Point Software Technologies by 34.9% during the fourth quarter. Advisory Services Network LLC now owns 6,360 shares of the technology company’s stock valued at $1,187,000 after purchasing an additional 1,645 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $76,000. Abacus FCF Advisors LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $1,341,000. Finally, Cerity Partners LLC increased its holdings in Check Point Software Technologies by 36.1% during the 4th quarter. Cerity Partners LLC now owns 7,220 shares of the technology company’s stock valued at $1,361,000 after purchasing an additional 1,916 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $219.41 on Thursday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The company has a market cap of $24.13 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.41 and a beta of 0.62. The firm has a 50 day simple moving average of $221.32 and a two-hundred day simple moving average of $200.39.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CHKP shares. Mizuho lifted their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. BMO Capital Markets upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $245.00 to $275.00 in a report on Friday, March 28th. Morgan Stanley initiated coverage on shares of Check Point Software Technologies in a report on Tuesday, March 18th. They set an “equal weight” rating and a $235.00 target price on the stock. Finally, Jefferies Financial Group upped their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $236.13.

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.