Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 27.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,837 shares of the technology company's stock after buying an additional 12,943 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of Check Point Software Technologies worth $11,182,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CHKP. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth $25,000. GAMMA Investing LLC grew its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $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 acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent analyst reports. Mizuho increased their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Royal Bank of Canada restated 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. Truist Financial reaffirmed a "buy" rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $206.55 on Monday. The business has a 50 day simple moving average of $220.45 and a 200-day simple moving average of $201.96. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The stock has a market capitalization of $22.72 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies Company 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.

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