Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Lifted by Causeway Capital Management LLC

Causeway Capital Management LLC boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,929,604 shares of the technology company's stock after purchasing an additional 487,823 shares during the period. Check Point Software Technologies comprises 8.2% of Causeway Capital Management LLC's holdings, making the stock its 2nd largest position. Causeway Capital Management LLC owned approximately 1.75% of Check Point Software Technologies worth $360,257,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd grew its position in shares of Check Point Software Technologies by 275.6% in the fourth quarter. XTX Topco Ltd now owns 13,240 shares of the technology company's stock valued at $2,472,000 after purchasing an additional 9,715 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in Check Point Software Technologies during the 4th quarter valued at $1,244,000. Mariner LLC raised its stake in Check Point Software Technologies by 4.6% during the 4th quarter. Mariner LLC now owns 31,515 shares of the technology company's stock valued at $5,884,000 after buying an additional 1,374 shares during the last quarter. Barclays PLC lifted its holdings in Check Point Software Technologies by 9.5% in the fourth quarter. Barclays PLC now owns 88,086 shares of the technology company's stock valued at $16,446,000 after acquiring an additional 7,654 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its holdings in shares of Check Point Software Technologies by 1.1% in the fourth quarter. 3Chopt Investment Partners LLC now owns 19,515 shares of the technology company's stock worth $3,643,000 after buying an additional 214 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CHKP. Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating 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 report on Monday, March 3rd. UBS Group boosted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a report on Thursday, March 27th. Finally, Susquehanna raised 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 report on Friday, January 31st. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of "Moderate Buy" and an average target price of $235.50.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded up $0.02 on Friday, hitting $214.96. 824,648 shares of the company's stock were exchanged, compared to its average volume of 767,065. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The company has a market capitalization of $23.64 billion, a PE ratio of 28.78, a P/E/G ratio of 3.41 and a beta of 0.62. The firm's 50-day moving average is $221.79 and its 200 day moving average is $201.32.

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.