APG Asset Management N.V. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,303 shares of the technology company's stock after buying an additional 40,726 shares during the quarter. APG Asset Management N.V. owned 0.16% of Check Point Software Technologies worth $31,246,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors raised 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 worth $5,609,000 after acquiring an additional 1,278 shares during the period. Truist Financial Corp boosted its holdings in Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after purchasing an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after purchasing an additional 2,478 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of 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. acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $476,000. Hedge funds and other institutional investors own 98.51% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CHKP shares. Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company upgraded Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Susquehanna boosted their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $236.13.
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Check Point Software Technologies Trading Up 1.8 %
Check Point Software Technologies stock traded up $3.92 during midday trading on Monday, reaching $221.63. The company's stock had a trading volume of 192,592 shares, compared to its average volume of 761,204. The stock has a market cap of $24.38 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36. The business has a 50-day moving average price of $221.43 and a 200-day moving average price of $200.72.
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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