Truist Financial Corp increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,504 shares of the technology company's stock after buying an additional 3,080 shares during the quarter. Truist Financial Corp owned about 0.11% of Check Point Software Technologies worth $22,311,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies during the third quarter worth about $27,000. GAMMA Investing LLC grew its stake in 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 during the period. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Strategic Financial Concepts LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Finally, Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $37,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.
Check Point Software Technologies Price Performance
CHKP traded down $2.09 during trading hours on Friday, hitting $216.96. 683,850 shares of the stock were exchanged, compared to its average volume of 896,793. The stock has a market cap of $23.86 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 3.48 and a beta of 0.65. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02. The stock has a 50-day simple moving average of $197.65 and a 200-day simple moving average of $191.65.
Analyst Upgrades and Downgrades
Several research firms have commented on CHKP. Bank of America lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their price objective for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Jefferies Financial Group increased their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Piper Sandler raised their price target on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Finally, Robert W. Baird cut their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Nineteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus price target of $215.59.
Check Out Our Latest Analysis 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.
See Also
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