Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 53.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,706 shares of the technology company's stock after buying an additional 1,649 shares during the period. Schroder Investment Management Group's holdings in Check Point Software Technologies were worth $881,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $35,000. Exchange Traded Concepts LLC increased its stake in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after purchasing an additional 137 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in Check Point Software Technologies by 370.6% in the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after buying an additional 189 shares during the last quarter. Finally, CENTRAL TRUST Co bought a new stake in Check Point Software Technologies during the fourth quarter worth $56,000. 98.51% of the stock is owned by institutional investors and hedge funds.

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Check Point Software Technologies Stock Up 1.8 %

Shares of NASDAQ:CHKP traded up $3.93 during trading on Friday, hitting $217.71. 938,492 shares of the stock traded hands, compared to its average volume of 763,309. 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 fifty day moving average price of $221.43 and a two-hundred day moving average price of $200.68. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 3.41 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Compass Point set a $260.00 price objective on Check Point Software Technologies in a research note on Thursday, March 27th. Mizuho boosted 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 note on Wednesday, February 26th. The Goldman Sachs Group lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their target price for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group upped their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $236.13.

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.