J. Safra Sarasin Holding AG Buys 50,256 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

J. Safra Sarasin Holding AG lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 297.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,160 shares of the technology company’s stock after purchasing an additional 50,256 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.06% of Check Point Software Technologies worth $12,539,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Barclays PLC increased its position in Check Point Software Technologies by 6.0% during the third quarter. Barclays PLC now owns 80,432 shares of the technology company’s stock valued at $15,507,000 after acquiring an additional 4,522 shares during the last quarter. Anchor Investment Management LLC raised its position in Check Point Software Technologies by 8.2% in the 3rd quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company’s stock worth $1,154,000 after purchasing an additional 455 shares during the period. World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the third quarter worth about $5,546,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Check Point Software Technologies during the third quarter valued at approximately $187,000. Finally, Tidal Investments LLC grew its stake in shares of Check Point Software Technologies by 3.1% during the third quarter. Tidal Investments LLC now owns 40,686 shares of the technology company’s stock valued at $7,845,000 after buying an additional 1,224 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 0.0 %

CHKP opened at $214.96 on Monday. The company has a market cap of $23.64 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The firm’s 50-day moving average price is $221.71 and its 200-day moving average price is $201.65. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Compass Point set a $260.00 price objective on Check Point Software Technologies in a report on Thursday, March 27th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Morgan Stanley lowered their price objective on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Stephens started coverage on shares of Check Point Software Technologies in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $255.00 target price on the stock. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Moderate Buy” and an average target price of $235.50.

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.