Loomis Sayles & Co. L P Has $12.01 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Loomis Sayles & Co. L P increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,344 shares of the technology company's stock after buying an additional 2,610 shares during the period. Loomis Sayles & Co. L P owned 0.06% of Check Point Software Technologies worth $12,013,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CHKP. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $27,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Exchange Traded Concepts LLC raised its position in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after acquiring an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 370.6% during the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after acquiring an additional 189 shares during the period. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of CHKP traded down $2.07 during mid-day trading on Wednesday, hitting $228.77. 219,571 shares of the company's stock were exchanged, compared to its average volume of 734,084. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36. The company has a market cap of $25.16 billion, a PE ratio of 30.64, a P/E/G ratio of 3.41 and a beta of 0.62. The company has a 50-day simple moving average of $219.14 and a 200 day simple moving average of $199.11.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CHKP shares. StockNews.com lowered Check Point Software Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. Susquehanna boosted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. Morgan Stanley started coverage on shares of Check Point Software Technologies in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $235.00 price objective on the stock. Robert W. Baird raised Check Point Software Technologies from a "neutral" rating to an "outperform" rating and increased their price target for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Finally, Scotiabank raised their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $235.09.

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.