Argent Trust Co raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,067 shares of the technology company's stock after purchasing an additional 1,519 shares during the quarter. Argent Trust Co's holdings in Check Point Software Technologies were worth $2,253,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $493,000. Janus Henderson Group PLC grew its stake in Check Point Software Technologies by 4.2% during the third quarter. Janus Henderson Group PLC now owns 18,004 shares of the technology company's stock worth $3,471,000 after purchasing an additional 727 shares during the period. Wellington Management Group LLP lifted its position in shares of Check Point Software Technologies by 180.3% during the 3rd quarter. Wellington Management Group LLP now owns 13,433 shares of the technology company's stock valued at $2,590,000 after acquiring an additional 8,641 shares during the period. XTX Topco Ltd acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $680,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Check Point Software Technologies by 0.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,496 shares of the technology company's stock worth $6,651,000 after buying an additional 114 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.
Check Point Software Technologies Stock Performance
CHKP traded down $5.11 during trading on Wednesday, reaching $219.36. 262,059 shares of the company's stock were exchanged, compared to its average volume of 762,689. The company's fifty day moving average price is $221.73 and its 200-day moving average price is $201.07. The firm has a market capitalization of $24.13 billion, a PE ratio of 29.37, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36.
Analyst Ratings Changes
CHKP has been the topic of several analyst reports. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. StockNews.com raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, April 9th. BMO Capital Markets upgraded shares of Check Point Software Technologies from a "market perform" rating to an "outperform" rating and increased their price target for the company from $245.00 to $275.00 in a research report on Friday, March 28th. Stifel Nicolaus increased their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Finally, Susquehanna lifted their price objective on 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. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $235.50.
Read Our Latest Stock Report on Check Point Software Technologies
Check Point Software Technologies Profile
(
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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