Pictet Asset Management Holding SA Has $64.44 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Pictet Asset Management Holding SA boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 148.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 345,173 shares of the technology company’s stock after buying an additional 206,294 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Check Point Software Technologies were worth $64,444,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Check Point Software Technologies by 34.2% in the third quarter. Cerity Partners LLC now owns 5,304 shares of the technology company’s stock valued at $1,023,000 after acquiring an additional 1,353 shares during the last quarter. Fisher Asset Management LLC lifted its position in Check Point Software Technologies by 143.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,329 shares of the technology company’s stock valued at $642,000 after purchasing an additional 1,959 shares during the period. Independent Advisor Alliance bought a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $203,000. Bank of Montreal Can grew its position in shares of Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the period. Finally, FMR LLC grew its position in shares of Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after buying an additional 252,581 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHKP shares. BMO Capital Markets raised shares of 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 research note on Friday. Citigroup raised their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Morgan Stanley assumed coverage on Check Point Software Technologies in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $235.00 target price on the stock. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $234.18.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $228.37 on Friday. The stock has a 50-day simple moving average of $217.58 and a 200 day simple moving average of $198.54. 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 cap of $25.12 billion, a PE ratio of 30.57, a PEG 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.