Kestra Investment Management LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,802 shares of the technology company's stock, valued at approximately $336,000.
A number of other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Check Point Software Technologies by 73.8% during 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 worth $211,105,000 after purchasing an additional 464,821 shares in the last quarter. World Investment Advisors LLC bought a new position in Check Point Software Technologies during the 3rd quarter worth about $51,922,000. FMR LLC increased its holdings in 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 purchasing an additional 252,581 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in 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 in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in Check Point Software Technologies by 26.9% during the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock worth $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Institutional investors own 98.51% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CHKP shares. Robert W. Baird reduced their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Piper Sandler increased their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. Morgan Stanley increased their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. UBS Group increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $215.59.
View Our Latest Stock Report on CHKP
Check Point Software Technologies Trading Down 0.9 %
Shares of NASDAQ:CHKP traded down $1.93 during trading on Friday, reaching $217.12. 752,683 shares of the stock were exchanged, compared to its average volume of 897,693. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02. The firm has a market cap of $23.88 billion, a PE ratio of 29.00, a PEG ratio of 3.48 and a beta of 0.65. The stock has a 50-day moving average price of $197.65 and a 200-day moving average price of $191.65.
Check Point Software Technologies Profile
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Free Report)
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.
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