US Bancorp DE Acquires 167 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

US Bancorp DE lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 110,437 shares of the technology company’s stock after purchasing an additional 167 shares during the quarter. US Bancorp DE’s holdings in Check Point Software Technologies were worth $20,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake 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 acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $1,599,000. Truist Financial Corp lifted its holdings in Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after purchasing an additional 3,080 shares during the last quarter. MML Investors Services LLC lifted its holdings in Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after purchasing an additional 3,655 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Check Point Software Technologies by 14.5% in the 4th quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company’s stock valued at $1,790,000 after buying an additional 1,215 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Up 1.6 %

Shares of CHKP stock opened at $220.26 on Monday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The company has a market cap of $24.22 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.41 and a beta of 0.65. The business has a fifty day simple moving average of $201.38 and a 200 day simple moving average of $193.45.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CHKP shares. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday. Susquehanna upped their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $235.00 to $255.00 in a report on Thursday. Finally, Citigroup upped their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Nineteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average target price 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.