Bank Julius Baer & Co. Ltd Zurich grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 279.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,749 shares of the technology company's stock after purchasing an additional 4,969 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Check Point Software Technologies were worth $1,356,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC boosted its stake in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies during the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 98.51% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on CHKP. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Susquehanna increased their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on 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. Finally, Mizuho raised their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $224.86.
Check Out Our Latest Stock Analysis on CHKP
Check Point Software Technologies Stock Performance
Shares of CHKP stock traded down $3.09 during mid-day trading on Thursday, hitting $214.90. 1,294,437 shares of the stock were exchanged, compared to its average volume of 999,781. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $230.65. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 3.41 and a beta of 0.62. The stock's fifty day simple moving average is $206.90 and its two-hundred day simple moving average is $195.36.
Check Point Software Technologies Company 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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