Envestnet Asset Management Inc. Buys 3,369 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Envestnet Asset Management Inc. raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 433,241 shares of the technology company's stock after acquiring an additional 3,369 shares during the quarter. Envestnet Asset Management Inc. owned about 0.39% of Check Point Software Technologies worth $80,886,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KCM Investment Advisors LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth about $222,000. Wells Fargo & Company MN boosted its stake in Check Point Software Technologies by 22.3% during the 4th quarter. Wells Fargo & Company MN now owns 127,262 shares of the technology company's stock worth $23,760,000 after acquiring an additional 23,243 shares during the last quarter. Foundry Partners LLC grew its holdings in Check Point Software Technologies by 12.5% during the fourth quarter. Foundry Partners LLC now owns 3,538 shares of the technology company's stock valued at $661,000 after purchasing an additional 394 shares during the period. World Investment Advisors increased its stake in Check Point Software Technologies by 4.4% in the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Check Point Software Technologies by 71.1% in the fourth quarter. Huntington National Bank now owns 10,373 shares of the technology company's stock worth $1,937,000 after purchasing an additional 4,311 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Barclays raised their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, UBS Group lifted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $236.13.

Check Point Software Technologies Trading Up 2.1 %

Shares of CHKP traded up $4.47 during mid-day trading on Monday, reaching $222.18. The company's stock had a trading volume of 139,339 shares, compared to its average volume of 761,000. The stock has a market cap of $24.44 billion, a P/E ratio of 29.74, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The business has a 50-day simple moving average of $221.43 and a two-hundred day simple moving average of $200.72.

About Check Point Software Technologies

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.