Allianz SE bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,932 shares of the technology company's stock, valued at approximately $736,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Gitterman Wealth Management LLC lifted its holdings in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock valued at $286,000 after purchasing an additional 48 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in shares of Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after buying an additional 56 shares in the last quarter. Regatta Capital Group LLC boosted its position in Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after acquiring an additional 57 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after acquiring an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.
Wall Street Analysts Forecast Growth
CHKP has been the topic of several recent research reports. StockNews.com cut Check Point Software Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Stifel Nicolaus upped their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a report on Friday, January 31st. Wells Fargo & Company upgraded Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of "Moderate Buy" and an average price target of $236.13.
View Our Latest Analysis on Check Point Software Technologies
Check Point Software Technologies Stock Down 3.8 %
NASDAQ CHKP traded down $8.50 during trading hours on Friday, hitting $215.52. 1,263,663 shares of the company were exchanged, compared to its average volume of 744,356. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.41 and a beta of 0.62. The company has a 50 day moving average of $220.78 and a two-hundred day moving average of $199.64. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36.
About Check Point Software Technologies
(
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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