Abacus FCF Advisors LLC Buys Shares of 7,182 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Abacus FCF Advisors LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,182 shares of the technology company's stock, valued at approximately $1,341,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors boosted its holdings in Check Point Software Technologies by 4.4% in the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after purchasing an additional 1,278 shares during the period. Truist Financial Corp raised its position in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after buying an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in Check Point Software Technologies by 99.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after buying an additional 2,478 shares during the period. MML Investors Services LLC grew its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after buying an additional 3,655 shares in the last quarter. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies in the 4th quarter worth about $476,000. 98.51% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Robert W. Baird upgraded shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $235.00 to $255.00 in a report on Thursday, February 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 company from $220.00 to $260.00 in a research report on Monday, March 3rd. Finally, Stifel Nicolaus lifted their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Fifteen investment 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $236.13.

Check Point Software Technologies Stock Up 1.8 %

Check Point Software Technologies stock traded up $3.92 during trading hours on Monday, hitting $221.63. The stock had a trading volume of 192,592 shares, compared to its average volume of 761,204. The stock's 50-day moving average price is $221.43 and its 200-day moving average price is $200.72. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The stock has a market capitalization of $24.38 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies 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.