Clearbridge Investments LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 538,064 shares of the technology company's stock, valued at approximately $100,456,000. Clearbridge Investments LLC owned approximately 0.49% of Check Point Software Technologies as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $428,820,000. World Investment Advisors LLC bought a new position in Check Point Software Technologies during the 3rd quarter worth $51,922,000. FMR LLC raised its holdings in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after acquiring an additional 252,581 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $38,558,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Check Point Software Technologies by 148.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 345,173 shares of the technology company's stock worth $64,444,000 after purchasing an additional 206,294 shares in the last quarter. Institutional investors own 98.51% of the company's stock.
Check Point Software Technologies Price Performance
Shares of Check Point Software Technologies stock traded down $8.50 during midday trading on Friday, reaching $215.52. The company had a trading volume of 1,263,663 shares, compared to its average volume of 745,459. The firm has a market cap of $23.70 billion, a PE ratio of 28.85, a P/E/G ratio of 3.41 and a beta of 0.62. The stock has a fifty day moving average price of $220.78 and a 200 day moving average price of $199.70. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CHKP. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Susquehanna boosted their target price on shares of 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. UBS Group increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Arete Research upgraded shares of Check Point Software Technologies to a "hold" rating in a research report on Monday, February 24th. Finally, Barclays raised their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $236.13.
Check Out Our Latest Research Report on CHKP
Check Point Software Technologies Profile
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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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