CIBC Asset Management Inc Acquires 1,215 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

CIBC Asset Management Inc raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,589 shares of the technology company's stock after purchasing an additional 1,215 shares during the quarter. CIBC Asset Management Inc's holdings in Check Point Software Technologies were worth $1,790,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Creative Planning boosted its position in Check Point Software Technologies by 14.4% during the 3rd quarter. Creative Planning now owns 21,184 shares of the technology company's stock valued at $4,084,000 after acquiring an additional 2,674 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Check Point Software Technologies by 4.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,512 shares of the technology company's stock worth $870,000 after purchasing an additional 208 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Check Point Software Technologies by 1.6% during the third quarter. Sequoia Financial Advisors LLC now owns 5,422 shares of the technology company's stock valued at $1,045,000 after purchasing an additional 86 shares in the last quarter. Signaturefd LLC grew its stake in Check Point Software Technologies by 2.8% in the third quarter. Signaturefd LLC now owns 3,210 shares of the technology company's stock valued at $619,000 after purchasing an additional 87 shares during the last quarter. Finally, Eastern Bank bought a new position in Check Point Software Technologies in the third quarter worth about $234,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CHKP shares. Evercore ISI raised their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Susquehanna lifted 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 report on Friday, January 31st. Truist Financial reiterated a "buy" rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Stifel Nicolaus boosted their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Finally, Piper Sandler increased their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $215.59.

Check Point Software Technologies Stock Down 1.0 %

Shares of CHKP stock opened at $216.80 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a market cap of $23.84 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.48 and a beta of 0.65. The business has a 50-day simple moving average of $197.65 and a 200-day simple moving average of $191.65.

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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